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    841-849 E Front St Traverse City, MI 49684

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    For Sale
    $6,999,900

    Commercially zoned waterfront property near downtown Traverse City.

    Lot size:
    1.41 Acres

    Property Features for 841-849 E Front St

    General Information

    Lot size
    1.41 Acres

    Source: Coldwell Banker Schmidt Realtors | Traverse City Agent Daniel Stiebel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Development Site Opportunity

    This commercially zoned waterfront development site presents an opportunity for redevelopment. The property is located within walking distance of downtown Traverse City, as well as new tennis, pickleball, and shuffleboard courts at the public Senior Center beach. It features 132 feet of frontage on West Grand Traverse Bay, offering views of Old Mission, Leelanau, Power Island, the Maritime Academy, and downtown. The property is zoned HR, which allows for hotel, restaurant, bar, condominiums, and short-term rentals. The deep lot totals 1.41 acres. Existing structures have no value.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -85.6026515
    Latitude
    44.7648075

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    FAQs

    What type of property is this?
    Hotel - Commercially zoned waterfront property near downtown Traverse City.
    Where is this hotel located?
    The property is located at 841-849 E Front St Traverse City, MI.
    What is the asking price?
    The asking price for this property is $6,999,900.
    What are key features of this property?
    This property features: - Waterfront property with 132' on West Grand Traverse Bay; - Commercially zoned (HR) allowing for hotel, restaurant, bar, condominiums, and short-term rentals; - Walking distance to downtown Traverse City
    (231) 633-0432
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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
    841-849 E Front St Traverse City, MI 49684
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