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    2860 S M-37 Traverse City, MI 49685

    For Sale
    $599,500

    Vacant Lot/Land - Traverse City, MI

    Lot size:
    4.24 Acres
    Days on Market:
    209
    Last Refresh:
    Dec 9 at 8:06 pm

    Property Features for 2860 S M-37

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Industrial
    Exterior features
    None, Development Property
    Lot size
    4.24 Acres

    Building Details

    Architectural style
    Other

    James A Schmuckal, REALTOR (231) 620-2260 [email protected]

    Listing agent James Schmuckal (231) 620-2260

    Listing date May 15, 2025

    MLS# 1933798 Listing URL

    Copyright © 2025 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.

    Overview

    Traverse City Vacant Land Opportunity

    This property features a 4.24-acre lot with dimensions of 330 feet wide and 560 feet deep, measured from the 100-foot right-of-way. The land is generally level with sandy soils and includes a treed area at the rear. Municipal water main is available in front of the property. The existing older home on the property is not being offered with any value and is not warranted in any way. Zoned for commercial and industrial use, the site allows for retail, commercial, wholesale, and light industrial applications. The location is particularly well-suited for retail businesses that benefit from good road frontage exposure.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.656534
    Latitude
    44.644168

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    FAQs

    What type of property is this?
    Commercial land - 4.24 acre lot suitable for retail, commercial, or industrial use.
    Where is this commercial land located?
    The property is located at 2860 S M-37 Traverse City, MI.
    What is the asking price?
    The asking price for this property is $599,500.
    What are key features of this property?
    This property features: - 4.25 acres of usable land, offering many possibilities.; - Zoning allows retail, commercial, wholesale, and light industrial uses.; - Excellent road frontage exposure.
    (231) 620-2260
    Request Owner's contact information
    2860 S M-37 Traverse City, MI 49685
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    Traverse City, MI 49685
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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
    2860 S M-37 Traverse City, MI 49685
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