Zoned Regional Business Waterfront
For Sale
$499,000
1470 Us-31 N, Traverse City, MI 49686
Waterfront-facing land with two existing cabins and regional business zoning for offices, retail, or rentals.
Property Size1,000 SF
Price / SF$499
Days on Market396
Property Features for 1470 Us-31 N
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
Commercial, Office
Lease Term
Cash, Conventional
Building Details
Building Size
1,000 SF
Year Built
1948
Listing Agency:
LABELLE REALTY LLC
(989) 621-3025
Listed By:
Brandon LaBelle · License #6502340665
(989) 621-3025
Source:
Sabudarealty
Added: Jul 22, 2025
Changed: Aug 14
Last Checked: Aug 20 at 1:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LABELLE REALTY LLC
Investment Insights
Based on property information with market context.
This property is zoned Regional Business and currently includes two cabins plus a storage garage. The site has previously been approved for a 12-unit apartment building, and the seller is willing to share available plans and drawings with qualified buyers. Buyer should verify all square footage and dimensions from public records.
Waterfront context is a notable part of the site’s appeal, with East Grand Traverse Bay directly across the street. The property is also described as a good fit for a seasonal business tied to the nearby state park and the TART trail, which may support a mix of rental and light commercial uses within the permitted zoning framework.
With Regional Business zoning allowing for office, retail, and rentals, this parcel can fit a range of ownership and operating plans, including expanding beyond the two existing cabins. The prior multifamily approval provides a clear starting point for redevelopment discussions. For buyers who want flexibility across hospitality and commercial-oriented uses, the combination of existing improvements and zoning breadth makes this a practical site to evaluate.
Waterfront context is a notable part of the site’s appeal, with East Grand Traverse Bay directly across the street. The property is also described as a good fit for a seasonal business tied to the nearby state park and the TART trail, which may support a mix of rental and light commercial uses within the permitted zoning framework.
With Regional Business zoning allowing for office, retail, and rentals, this parcel can fit a range of ownership and operating plans, including expanding beyond the two existing cabins. The prior multifamily approval provides a clear starting point for redevelopment discussions. For buyers who want flexibility across hospitality and commercial-oriented uses, the combination of existing improvements and zoning breadth makes this a practical site to evaluate.
Key Highlights
- Regional Business zoning allows office, retail, and rentals
- Waterfront‑facing property with East Grand Traverse Bay across the street
- Includes 2 existing cabins and a storage garage on‑site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Waterfront-facing land with two existing cabins and regional business zoning for offices, retail, or rentals.
Where is this short term rental property located?
The property is located at 1470 Us-31 N Traverse City, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Regional Business zoning allows office, retail, and rentals; Waterfront‑facing property with East Grand Traverse Bay across the street; Includes 2 existing cabins and a storage garage on‑site
