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    Traverse City, MI
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    Traverse City, MI Residential Land & Home Lots for Sale

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    Rezoned Multifamily Development Land
    Updated: Jan 27
    Rezoned Multifamily Development Land

    2624 Hartman Road, Traverse City, MI 49685

    $740,000
    900 sqft 5.25 AC lot
    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.
    Renters currently occupy the property; showing required via Realtor with Showingtime.
    Located in Garfield township, just minutes to everything TC has to offer.
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    Inland Waterfront-Access Building Lot
    Updated: Jun 25
    Inland Waterfront-Access Building Lot

    14857 Mallard Drive, Traverse City, MI 49686

    $695,000
    2.13 AC lot
    Just over 2 acres in Mission Hills on Old Mission Peninsula on Mallard Dr
    Partly cleared and partly wooded lot with mature hardwoods
    Lot adjoins association common area for added privacy and access to association trails
    Shared East Bay waterfront amenities include sandy shoreline and community dock privileges
    Access to association trails and shared waterfront areas
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    Cleared Development Land for Multi-Family
    Cleared Development Land for Multi-Family

    5175 Sawyer Woods Drive, Traverse City, MI 49685

    $735,000
    14.56 AC lot

    Nearly 15 acres of level, cleared land across four parcels with utilities and an approved 10-unit condo plan.

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    Residential Building Lot with Trails Access
    Residential Building Lot with Trails Access

    Traverse City, MI 49686

    $695,000
    2.00 AC lot

    Two-plus acre inland lot in Mission Hills with a mix of cleared and wooded ground and shared association waterfront amenities.

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    Multifamily Land Opportunity
    Multifamily Land Opportunity

    2624 Hartman Road, Traverse City, MI 49685

    $740,000
    5.25 AC lot

    5.25-acre parcel in Garfield Township with a permitted R-3 rezoning and existing well and septic.

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    Private Rolling Land Parcel
    Private Rolling Land Parcel

    E Bingham Valley Drive lot: 1 & 3, Traverse City, MI 49684

    $249,000
    4.42 AC lot

    4.42-acre parcel with mature trees, multiple build sites, and a well already installed for a private residence.

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    Wooded Waterfront Home Site
    Wooded Waterfront Home Site

    Center Road, Traverse City, MI 49686

    $299,000
    2.16 AC lot

    Wooded land parcel on Michigan’s Old Mission Peninsula with views of East Grand Traverse Bay and residential zoning.

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    Waterfront Land with Private Frontage
    Waterfront Land with Private Frontage

    186 N South Long Lake Rd, Traverse City, MI 49685

    $850,000
    0.30 AC lot

    Build-ready lakefront lot with 66 feet of private frontage, sandy bottom, and an existing cabin, driveway, and power.

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    Open Rolling Residential Acreage
    Open Rolling Residential Acreage

    High Lake Road, Traverse City, MI 49696

    $225,000
    8.09 AC lot

    Over eight acres of open, rolling land with convenient access to local schools, shopping, and recreation.

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    Wooded Land with Multiple Access Points
    Wooded Land with Multiple Access Points

    1010 Sharkey Road, Traverse City, MI 49696

    $425,000
    25.47 AC lot

    25.47 acres of wooded land with a pole building, trail access, and multiple entry points off Sharkey Road.

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    Waterfront Residential Land Parcel
    Waterfront Residential Land Parcel

    9006 Peninsula Dr, Traverse City, MI 49686

    $1,150,000
    1.62 AC lot

    Waterfront land with 218 feet of private West Grand Traverse Bay shoreline and 1.62 acres on Old Mission Peninsula.

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    Vacant Residential Building Lot
    Vacant Residential Building Lot

    1436 Vanderlip Road, Traverse City, MI 49686

    $109,000
    3.73 AC lot

    Build a private Up North retreat on a vacant parcel in a peaceful setting near Traverse City.

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    Traverse City Buildable Vacant Land
    Traverse City Buildable Vacant Land

    615 Grant Street, Traverse City, MI 49686

    $125,000
    0.13 AC lot

    Vacant lot near downtown Traverse City with building options.

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    Waterfront Land Parcel
    Waterfront Land Parcel

    Traverse City, MI 49686

    $3,500,000
    5.00 AC lot

    Build on a raised knoll with extensive private shoreline and uninterrupted water views.

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    Waterfront Residential Land Lot
    Waterfront Residential Land Lot

    136 N E Bay Boulevard, Traverse City, MI 49686

    $250,000
    0.10 AC lot

    Residentially zoned lot near East Bay Beach, offering a waterfront lifestyle close to Traverse City amenities.

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    Commercial Land with Scenic Views
    Commercial Land with Scenic Views

    1202 N US-31, Traverse City, MI 49685

    $149,900
    0.85 AC lot

    High-visibility parcel off US-31 with strong scenic potential and Office (C-O) use references to review with township.

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    Wooded Waterfront Peninsula Homesite
    Wooded Waterfront Peninsula Homesite

    Traverse City, MI 49686

    $325,000
    2.00 AC lot

    More than two-acre wooded homesite with East Grand Traverse Bay views on Old Mission Peninsula.

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    6.5-Acre Vacant Land Parcel
    6.5-Acre Vacant Land Parcel

    195 Starflower Lane, Traverse City, MI 49686

    $375,000
    6.51 AC lot

    Build-ready 6.5-acre parcel near Traverse City.

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    Recreational Community Home Site
    Recreational Community Home Site

    244 Porsche Dr, Traverse City, MI 49685

    $119,000
    1.00 AC lot

    A 1+ acre building lot with utilities in place and an existing well for planning a future residence and outbuildings.

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    Traverse City Buildable Vacant Land
    Traverse City Buildable Vacant Land

    615 Grant Street, Traverse City, MI 49686

    $175,000
    0.13 AC lot

    Vacant lot near downtown Traverse City with building options.

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    Wooded Land with Multiple Access Points
    Wooded Land with Multiple Access Points

    Traverse City, MI 49696

    $425,000
    25.00 AC lot

    25 wooded acres with multiple access points from Sharkey Road and an existing pole building.

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    Secluded Wooded Acreage Near Traverse
    Secluded Wooded Acreage Near Traverse

    S Cottonwood Drive, Traverse City, MI 49684

    $399,000
    13.44 AC lot

    13.44-acre wooded parcel near Lake Leelanau and Traverse City.

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    Secluded Traverse City Acreage
    Secluded Traverse City Acreage

    Traverse City, MI 49686

    $375,000
    6.50 AC lot

    6.5-acre parcel near Traverse City, build-ready with utilities.

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    Residential Land in Traverse City
    Residential Land in Traverse City

    865 Wind Drift Drive, Traverse City, MI 49684

    $117,900
    0.85 AC lot

    Vacant land with quick access to town and amenities.

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    Traverse City, MI Residential Land & Home Lots Market Trends and Statistics

    Explore 197 residential land & home lots for sale in Traverse City, MI, showcased through 197 active listings on our real estate platform. These investment opportunities span a total of 21,274,060 square feet of properties for sale, with an estimated market value of $58,571,990.

    Sale prices for home sites in Traverse City, MI start at $39,900, averaging $314,903, and reaching up to $3,500,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 157
    Commercial land 61
    Waterfront Land 51
    Industrial land 18
    Agricultural land / Farmland 17

    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 average listing prices of real estate assets

    Neighborhood Average Price
    49696 $160.5K
    49685 $194.6K
    49684 $305.5K
    49686 $311.4K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

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    Most Searched ZIP Codes in Traverse City, MI

    • 49684
    • 49686
    • 49685
    • 49696

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