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    Tbd Mitten Dr Traverse City, MI 49686

    For Sale
    $1,000,000

    1.74 Acres, Prime Airport Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.74-acre commercial land parcel presents a unique investment opportunity at the entrance to Traverse City's Cherry Capital Airport and Costco. Boasting a prime corner location with excellent visibility and high traffic counts (approximately 16,000 AADT), this pad-ready site offers two points of access via South Airport Road and Townline Road, complete with a stoplight. The property is zoned for Airport Services, allowing for diverse development options including gas stations, drive-thrus, office spaces, and retail establishments. Excavation work has already commenced. This strategic location benefits from the airport's recent record-breaking year exceeding 700,000 passengers and its planned $120 million terminal expansion, including a second concourse and five new gates in 2026. The property's APN is 28-03-218-014-10. Located in Traverse City, Michigan (zip code 49686), this offering presents a compelling chance to capitalize on a high-growth area with significant future potential. Asking price is $1,000,000.

    Property Features for 0 Tbd Mitten Dr

    General Information

    Property type
    Land
    Lot Size
    75,794 SF

    HighLights

    • High‑visibility corner lot with traffic signal.
    • Excellent location on a high‑traffic thoroughfare.
    • Dual access points for convenient ingress and egress.
    • Site is fully prepared for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.573876154158
    Latitude
    44.733186234625

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    FAQs

    What type of property is this?
    Land - 1.74 Acres, Prime Airport Location
    Where is this land located?
    The property is located at Tbd Mitten Dr Traverse City, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: High-visibility corner lot with traffic signal.; Excellent location on a high-traffic thoroughfare.; Dual access points for convenient ingress and egress.
    (231) 929-2955
    Request Owner's contact information
    Tbd Mitten Dr Traverse City, MI 49686
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Tbd Mitten Dr Traverse City, MI 49686
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