Traverse City, MI
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    Traverse City, MI Apartment Buildings for Sale

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    Gross, NE Williamsburg, MI Cedar, MI
    Historic Mixed-Use Building in Traverse City
    $1,400,000
    3,250 SF
    Historic Mixed-Use Building in Traverse City

    601 Randolph Street, Traverse City, MI 49684

    Unique mixed-use property in prime Traverse City location.
    • Prime location in the heart of shopping, dining, transportation, beaches, and festivals.
    • Historic stand‑alone brick building with a rich history dating back to the 1800s.
    • Deeded scenic easement of West Bay.
    • Currently houses the region's famous Bay Bread Company and two one‑bedroom apartments.
    • Property extends to the alley, providing two parking spots or the opportunity to build out more.
    Updated: Feb 8, 2025
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    Historic Mixed-Use Building Near West Bay
    $1,400,000
    Historic Mixed-Use Building Near West Bay

    601 Randolph St, Traverse City, MI 49684

    Unique mixed-use property in prime location near shopping and dining.
    • Prime location in the heart of shopping, dining, transportation, beaches, and festivals.
    • Includes two one‑bedroom apartments in addition to commercial space.
    • Historic stand‑alone brick building dating back to the 1800s with a rich history.
    • Deeded scenic easement of West Bay.
    • Property extends to the alley, providing two parking spots or expansion opportunity.
    Updated: Apr 24
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lake City Multifamily Investment Opportunity
    $420,000
    4,880 SF
    Lake City Multifamily Investment Opportunity

    Turnkey 8-unit multifamily property with expansion potential in Lake City, MI.

    1341 S Lakeshore Drive, Lake City, MI 49651

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    Downtown Cadillac Mixed-Use Building
    $229,000
    Downtown Cadillac Mixed-Use Building

    Mixed-use building with commercial space and residential apartments.

    216 S Mitchell Street, Cadillac, MI 49601

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    Turnkey Multifamily with Expansion Potential
    $420,000
    2,448 SF
    Turnkey Multifamily with Expansion Potential

    Fully rented 8-unit apartment complex with development potential.

    Lake City, MI 49651

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    Downtown Cadillac Mixed-Use Opportunity
    $229,000
    3,300 SF
    Downtown Cadillac Mixed-Use Opportunity

    Prime commercial building with residential income in downtown Cadillac.

    216 S Mitchell Street, Cadillac, MI 49601

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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    La Plata Land For Sale
    $250,000
    0.23 Acres
    La Plata Land For Sale

    0.23 acre parcel in La Plata, zoned CB.

    107 HOWARD Street, La Plata, MD 20646

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    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

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    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF
    Brooklyn Two-Family Home with Development Potential

    Two-family home on a large lot with significant development potential.

    69 Martense Street, Brooklyn, NY 11226

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    Off-Market Properties in Traverse City, MI

    Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1040 Front St
    Individual retail properties
    1,864 SF Lot: 0.63 Acres

    1040 Front St, Traverse City, MI 49686

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    2624 Hartman Rd
    Multifamily properties
    Lot: 5.25 Acres

    2624 Hartman Rd, Traverse City, MI 49685

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    Traverse City, MI Apartment Buildings Investment Opportunities Market Analysis

    Explore 4 apartment buildings for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 3,250 square feet of properties for sale, with an estimated market value of $1,400,000.

    Sale prices for two-family homes in Traverse City, MI start at $1,400,000, averaging $1,400,000, and reaching up to $1,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 100,000+ square foot range.

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Investment

    Identify Traverse City submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49684 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per sq ft
    Average Loan-to-Value 65.0%

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