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18502 Peninsula Drive, Traverse City, MI 49686

For Sale
$779,000

Vacant Lot/Land, Traverse City, MI

Property SizeContact for details
Lot Size11.00 Acres
Days on Market99

Property Features for 18502 Peninsula Drive

General Information

Property type Land
Property subtype Other
Zoning Agricultural,Finished Lot
Zoning description Agricultural, Finished Lots
Exterior features Bay View, Countryside View, Seasonal View
Lot features Rolling, Hardwoods, Cleared, Wooded, Evergreens, Rolling, Hardwoods, Cleared, Wooded, Evergreens
Elementary school Old Mission Peninsula School
Middle school Traverse City East Middle School
High school Central High School
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 the base of Old Mission, travel North on Center Road for appx 12 miles. Veer left on Seven Hills Road and continue North. Seven Hills Road will merge with Peninsula Drive. Stay on Peninsula Drive for appx 5 miles. Parcel will be on the right.
Subdivision Grand Traverse
Standard status Active
Lot size 11.00 Acres

Taxes and HOA fees

Tax Description See associated documents for lengthy legal.
Legal Description See associated documents for lengthy legal.

Utilities

Utilities Cable Available
Listing Agency: @properties Christie's Int'l
Listed By: Molly Buttleman · License #6501374903
Added: Aug 3 Changed: Sep 22 Last Checked: Nov 9 at 5:06AM
MLS# 1948815

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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Property Analytics

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Open Analytics

Suggested Use

Top Pick Garden Center Spa & Massage 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

9
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
View Realmo Analytics

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

Where is this land located?
The property is located at 18502 Peninsula Drive Traverse City, MI.
What is the asking price?
The asking price for this property is $779,000.
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