Property summary
This exceptional 42-acre parcel presents a remarkable turn-key development opportunity in Traverse City, Michigan. Located on the desirable rolling slopes of Morgan Farms, this property offers breathtaking views of both the city skyline and West Grand Traverse Bay. The land is predominantly high and dry, featuring mature maples and red pines, creating a picturesque rural setting. A significant advantage is the pre-approval for 66 single-family home lots within a Phase II Hilltop residential… development. Extensive groundwork has already been completed, including new road construction and tree clearing. All engineering is finalized, and the remaining permits are currently under application. Conveniently situated, this land provides easy access to both M-72 and E Carter Road, placing residents within a short bike ride, walk, or five-minute drive of downtown Traverse City. Enjoy the vibrant city life with its diverse shopping, dining, entertainment options, excellent schools, a nearby hospital, and numerous year-round festivals. Essential utilities are readily available, including municipal water and sewer, electricity, natural gas, and cable. This is one of the last remaining large tracts of land in this highly sought-after area, making it an unparalleled investment opportunity. The asking price for this exceptional property is $2,500,000. The property is located at E Carter Rd, Traverse City, MI 49684, in Grand Traverse County.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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