Rezoned Multifamily Development
For Sale
$740,000
2624 Hartman Road, Traverse City, MI 49685
COMMERCIAL - Traverse City, MI
Property Size900 SF
Lot Size5.25 Acres
Price / SF$822.22
Days on Market190
Property Features for 2624 Hartman Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Family
Lot features
Freestanding
Directions
Cass S of South Airport. Right on Hartman. Property is 3rd on right side.
Subdivision
Grand Traverse
Standard status
Active
Size
900 SF
Lot size
5.25 Acres
Taxes and HOA fees
Tax Description
GA 304-C PART OF S 1/2 OF SE 1/4 OF SW 1/4 COM AT PT 624' E OF SW COR TH N 40 RD TH W 20 RD TH S 40 RD TH E 20 RD TO POB SEC 22 T27N R11W 5 A.
Legal Description
GA 304-C PART OF S 1/2 OF SE 1/4 OF SW 1/4 COM AT PT 624' E OF SW COR TH N 40 RD TH W 20 RD TH S 40 RD TH E 20 RD TO POB SEC 22 T27N R11W 5 A.
Utilities
Water source
Private
Listing Agency:
Keller Williams Northern Michigan · Keller Williams Realty
(231) 947-8200
Listed By:
Hannah Matthews · License #6501340099
(231) 633-0039
Added: Jan 27
Changed: Aug 4
Last Checked: Aug 5 at 10:06PM
MLS# 1941898
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of a land parcel with an existing residential structure that is currently occupied by renters. It has been recently rezoned to R-3, and the listing materials indicate estimated apartment options in the range of 20 to 24 units, with potential configurations outlined in associated documents. A well and septic are already installed on site. The listing also notes that expansion on the remaining acreage may be possible with probable special use permitting, subject to the applicable approvals.
The site is located in Garfield Township, just minutes from Traverse City and its surrounding area. Municipal services are noted as being very close by, which may be relevant for future development planning. The property is being marketed with the understanding that it is currently tenant-occupied.
For buyers seeking a residential development tract, the R-3 rezoning and existing utilities infrastructure provide a practical starting point for planning apartment-style layouts. Tenants are currently in place, so showings require a Realtor using ShowingTime to walk the property. The seller has also indicated related listings for the single-family component and vacant land option; interested parties should review the associated documents for the drawing potential referenced with the rezoning.
The site is located in Garfield Township, just minutes from Traverse City and its surrounding area. Municipal services are noted as being very close by, which may be relevant for future development planning. The property is being marketed with the understanding that it is currently tenant-occupied.
For buyers seeking a residential development tract, the R-3 rezoning and existing utilities infrastructure provide a practical starting point for planning apartment-style layouts. Tenants are currently in place, so showings require a Realtor using ShowingTime to walk the property. The seller has also indicated related listings for the single-family component and vacant land option; interested parties should review the associated documents for the drawing potential referenced with the rezoning.
Key Highlights
- Recently rezoned to R‑3 with estimated capacity for 20–24 units for apartment options (see associated documents for drawings/potential).
- Private water source; well and septic are currently installed.
- Municipal services are very close by.
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Rezoned to R-3 with on-site well and septic, offering apartment development options on approximately 5.25 acres.
Where is this single family property located?
The property is located at 2624 Hartman Road Traverse City, MI.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Recently rezoned to R‑3 with estimated capacity for 20–24 units for apartment options (see associated documents for drawings/potential).; Private water source; well and septic are currently installed.; Municipal services are very close by.
