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Residential Land with Development Potential
For Sale
$740,000

2624 Hartman Road, Traverse City, MI 49685

Land in Garfield Township with potential for apartment development.

Property Size900 SF
Days on Market163

Property Features for 2624 Hartman Road

General Information

Standard status Active
Size 900 SF
Property subtype Income

Building Details

Building Size 900 SF
Year Built 1960
Listing Agency: Keller Williams Northern Michigan
Listed By: Hannah Matthews · License #6501340099
Source: Themittengroup
Added: Apr 27 Changed: Sep 30 Last Checked: Oct 6 at 12:37AM

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 Keller Williams Northern Michigan

Investment Insights

Based on property information with market context.

This property, recently rezoned to R-3, presents a new opportunity for development. It is estimated to accommodate 20-24 apartment units, with associated documents providing a drawing of a potential option. Expansion on the remaining acreage may be possible with special use permitting. The property is located in Garfield Township, offering convenient access to Traverse City. Existing infrastructure includes a well and septic system, with municipal services located nearby. The property is currently occupied by renters. The bike score is 32, indicating it is somewhat bikeable, and the walk score is 17, suggesting car dependence.

Key Highlights

  • Rezoned to R‑3, allowing for an estimated 20‑24 apartment units.
  • Potential for expansion on remaining acreage with special use permitting.
  • Located in Garfield Township, close to Traverse City (TC).

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Garden Center Law Firm (Bike/Boat/Book/etc) Store Electrical Service Kitchen & Bath Showroom Butcher

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

103
Businesses Nearby

Demographics for 49685, MI

20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Land in Garfield Township with potential for apartment development.
Where is this residential land & home lot located?
The property is located at 2624 Hartman Road Traverse City, MI.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Rezoned to R‑3, allowing for an estimated **20‑24 apartment units**.; Potential for expansion on remaining acreage with special use permitting.; Located in Garfield Township, close to Traverse City (TC).
More about this property
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