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    Nelson Rd Traverse City, MI 49686

    Sponsored
    For Sale
    $495,000

    11.53 Acres, Pinot Noir Vineyard

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.53-acre parcel of agricultural land presents a unique opportunity for wine enthusiasts and investors alike. Located in the heart of Old Mission Peninsula's renowned wine country, this property boasts an established pinot noir vineyard with ample room for expansion. The land is designated as PDR (protected development rights), ensuring the preservation of its agricultural character and the stunning natural beauty of the surrounding area. The rolling topography is characteristic of the region, nestled amongst established cherry orchards and vineyards. Access is via Peninsula Drive to Buchan Road (right), then Snowfield Court (left), and finally Nelson Road. The property's location offers unparalleled views and proximity to other successful wineries, making it an ideal site for continued vineyard cultivation or a new venture. Given the scarcity of available farmland on Old Mission Peninsula, this offering represents a rare chance to acquire a significant piece of this highly desirable agricultural land. The asking price for this prime vineyard property is $495,000. The property is vacant land and has no existing structures. The address is 0 Nelson Road, Traverse City, MI 49686, in Grand Traverse County.

    Property Features for 0 Nelson Rd

    General Information

    Property type
    Land

    HighLights

    • 11.53‑acre vineyard parcel in Old Mission Peninsula's wine country.
    • Established Pinot Noir vineyard with expansion potential.
    • PDR designation ensures agricultural preservation.
    • Rolling topography, near cherry orchards and vineyards.
    • Access via Peninsula Dr to Buchan Rd, Snowfield Ct, then Nelson Rd.
    • Unparalleled views and proximity to other wineries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.5282253
    Latitude
    44.8615836

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    FAQs

    What type of property is this?
    Land - 11.53 Acres, Pinot Noir Vineyard
    Where is this land located?
    The property is located at Nelson Rd Traverse City, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 11.53-acre vineyard parcel in Old Mission Peninsula's wine country.; Established Pinot Noir vineyard with expansion potential.; PDR designation ensures agricultural preservation.
    Request Owner's contact information
    Nelson Rd 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
    Nelson Rd Traverse City, MI 49686
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