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    1028 Rasho Rd Traverse City, MI 49686

    Sponsored
    For Sale
    $549,000

    land - TRAVERSE CITY, MI

    Lot size:
    39.42 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 1028 Rasho Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    39.42 Acres

    Building Details

    Architectural style
    Other

    Coldwell Banker Schmidt Family Of Companies [email protected]

    Listing agent Ben Street (866) 603-5140

    Listing date Dec 31, 2025

    MLS# 1939149 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nearly 40 Acres Development Potential

    This estate-sized parcel, comprised of nearly 40 acres, offers additional development potential. Private road access has been augmented with the purchase of an additional 16-foot strip, making the easement over 60 feet wide. Located very close to the east side of Traverse City, including schools and shopping, this parcel offers excellent privacy from the road. Some pre-building legwork has already been completed, including a perk test, wetlands exception, soil erosion permit, and driveway information. The topography is heavily wooded, level, and high and dry. Excavation and some work has been completed on a site for a pole barn. It is adjacent to hundreds of acres of state land, offering wonderful recreation opportunities with many trails, including the VASA, nearby. The Rasho Road snowmobile trailhead is just down the road. The public park and beach on Arbutus Lake, and boat launches on Arbutus and Spider Lakes are within 3 miles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Hair Salon Nail Salon Hotel & Motel Pharmacy Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.5004116
    Latitude
    44.7011491

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    FAQs

    What type of property is this?
    Land - Estate-sized parcel near Traverse City with development potential.
    Where is this land located?
    The property is located at 1028 Rasho Rd Traverse City, MI.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Estate-sized parcel of nearly 40 acres with development potential; - Excellent privacy, yet close to town, schools, and shopping; - Pre-building legwork completed: perk test, wetlands exception, soil erosion permit, and driveway information
    (231) 590-2198
    Request Owner's contact information
    1028 Rasho Rd Traverse City, MI 49686
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1028 Rasho Rd Traverse City, MI 49686
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