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Residential Lot in Traverse City

1242 Randall Court, Traverse City, MI 49686

For Sale
$349,000

Vacant Lot/Land, Traverse City, MI

Property SizeContact for details
Lot Size0.27 Acres
Days on Market727

Property Features for 1242 Randall Court

General Information

Property type Land
Property subtype Other
Zoning Residential,Platted Subdi
Zoning description Residential, Platted Subdivision
Lot features Sloping, Wooded, Corner Lot, Sloping, Wooded, Corner Lot
Elementary school district Traverse City Area Public Schools
Middle school district Traverse City Area Public Schools
High school district Traverse City Area Public Schools
Directions From M72 - North on Peninsula Dr., East on Eastern Ave., South on Randall Ct.
Subdivision Grand Traverse
Standard status Active
Lot size 0.27 Acres

Taxes and HOA fees

Tax Description LOT 8 COLLEGE HTS
Legal Description LOT 8 COLLEGE HTS
Listing Agency: Tandem Real Estate
Listed By: David Knapp
Added: Nov 11, 2024 Changed: Sep 7 Last Checked: Nov 7 at 1:06AM
MLS# 1929102

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.

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Investment Insights

Based on property information with market context.

This residential lot is located at the base of Old Mission Peninsula, situated in a small, quiet, wooded neighborhood. The property is one block away from Central High School, Eastern Elementary, and Northwestern Michigan College. Bryant Park & Beach and the Civic Center are within walking distance, and downtown Traverse City's amenities are just under a mile away. The buildable parcel is lightly wooded and sloped upward from the street. City water, sewer, electric, and natural gas are available. The property is zoned R1-a, which allows for residential single-family homes, duplexes, and Accessory Dwelling Units (ADUs) by-right. The lot size is 0.27 acres.

Key Highlights

  • Prime location: Walkable to Bryant Park & Beach, Civic Center, and downtown Traverse City amenities.
  • Buildable lot: Lightly wooded, sloped upward from the street, with city utilities available.
  • Zoned R1‑a: Allows single‑family homes, duplexes, and ADUs by‑right.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Kitchen & Bath Showroom Building Supply Parking Lot & Garage Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

378
Businesses Nearby

Demographics for 49686, MI

25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Land in Traverse City, MI

$323 Jul
$346 Aug
$361 Sep
$283 Oct

Properties on Market for Land in Traverse City

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Land - Vacant residential lot near downtown Traverse City amenities.
Where is this land located?
The property is located at 1242 Randall Court Traverse City, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Prime location: Walkable to Bryant Park & Beach, Civic Center, and downtown Traverse City amenities.; Buildable lot: Lightly wooded, sloped upward from the street, with city utilities available.; Zoned R1‑a: Allows single‑family homes, duplexes, and ADUs by‑right.
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