Multifamily Property with
For Sale
$3,500,000
Pending
55 S Hope Rdg, Traverse City, MI 49696
Eight homes and four large barns occupy a private acreage setting near Traverse City.
Property Size6,901 SF
Lot Size40.00 Acres
Days on Market150
Property Features for 55 S Hope Rdg
General Information
Standard status
Pending
Size
6,901 SF
Lot size
40.00 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Building Details
Year Built
1989
Listing Agency:
REMAX Bayshore - Union St TC
(231) 590-7722
Listed By:
Matthew J Dakoske · License #6501148333
Source:
Metrodetroithomeguide
Added: Apr 5
Changed: Aug 29
Last Checked: Aug 29 at 4:10PM
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 REMAX Bayshore - Union St TC
Investment Insights
Based on property information with market context.
This multifamily property comprises 8 homes across a 40-acre setting, along with 4 large barns. The grounds include a combination of open fields and wooded areas, creating distinct outdoor and residential environments within the property. Built in 1989, the asset offers a substantial existing compound rather than a single-building configuration.
The property is located in Blair Township, approximately 8 minutes from downtown Traverse City. Its acreage, multiple residences, and agricultural-style accessory structures provide a broad physical footprint for continued residential use or future redevelopment planning, subject to applicable approvals.
The property is located in Blair Township, approximately 8 minutes from downtown Traverse City. Its acreage, multiple residences, and agricultural-style accessory structures provide a broad physical footprint for continued residential use or future redevelopment planning, subject to applicable approvals.
Key Highlights
- 40‑acre property in Blair Township, MI
- 8 homes included across the property
- 4 large barns provide substantial accessory structures
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 49696, MI
9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Eight homes and four large barns occupy a private acreage setting near Traverse City.
Where is this multifamily property located?
The property is located at 55 S Hope Rdg Traverse City, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 40‑acre property in Blair Township, MI; 8 homes included across the property; 4 large barns provide substantial accessory structures
