15-Unit Bay-View Multifamily
For Sale
$28,400,000
539 Bay St, Traverse City, MI 49684
Residential units feature private balconies, with garage bays and guest parking at the building.
Property Size26,532 SF
Price / SF$1,070
Days on Market34
Property Features for 539 Bay St
General Information
Standard status
Active
Size
26,532 SF
Total Parking Spaces
15
Property subtype
Investment
Zoning
Commercial
Additional Details
Road Access
Yes
Multifamily Units
15
Amenities
private balconies
outdoor fire-pit area
Water
Sewer
Natural Gas
Vacant
15 Parking Spaces
Building Details
Year Built
2018
Listing Agency:
Equity Group of Michigan LLC
Listed By:
Rob Anderson · License #BROKERLICENSE#6502431279
(616) 710-0021
Source:
Carwm.resimplifi
Added: Sep 23
Changed: Oct 26
Last Checked: Oct 26 at 2:20PM
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 Equity Group of Michigan LLC
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Investment Insights
Based on property information with market context.
Built in 2018, this multifamily property includes 15 residential condominium units across the main and upper floors: three on the main level and 12 above. Floor plans and unit sizes vary. Each residence has a glass-railed balcony with 180-degree views of Grand Traverse Bay. Additional features include an outdoor fire-pit area, limited private ground-floor garage bays, and dedicated guest parking.
At 539 Bay Street in Traverse City, the building is at Grand View Parkway (M-22/M-37), across the parkway from the beach and shoreline. Downtown shopping, dining, and entertainment are about a five-minute walk away. The property is zoned Commercial.
At 539 Bay Street in Traverse City, the building is at Grand View Parkway (M-22/M-37), across the parkway from the beach and shoreline. Downtown shopping, dining, and entertainment are about a five-minute walk away. The property is zoned Commercial.
Key Highlights
- 15 residential condominium units: 3 on the main floor and 12 on the upper floors
- Built in 2018
- Each residence has a glass‑railed balcony with 180‑degree Grand Traverse Bay views
Property Analytics
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Lease Details
15
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,559
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential units feature private balconies, with garage bays and guest parking at the building.
Where is this multifamily property located?
The property is located at 539 Bay St Traverse City, MI.
What is the asking price?
The asking price for this property is $28,400,000.
What are key features of this property?
This property features: 15 residential condominium units: 3 on the main floor and 12 on the upper floors; Built in 2018; Each residence has a glass‑railed balcony with 180‑degree Grand Traverse Bay views
