Property summary
This exceptional 21.79-acre parcel in Traverse City, Michigan, presents a unique development opportunity. Located on Zimmerman Rd, with additional access points from Herkner Rd and potential access from N Long Lake Rd, this corporate-owned property (APN: Multiple) is ideally situated on the west side of Traverse City, offering proximity to downtown amenities and the Munson Medical Center. Currently configured as 33 single-family site condo lots, the existing condo documents allow for the creation of separate parcels, providing flexibility for development. Neighboring developments include The Cottages single-family community and the new Meadow Valley senior living community to the north. West Senior High School is conveniently located across N Long Lake Rd, with Long Lake Elementary and West Middle School also nearby. Infrastructure is largely in place, with completed sidewalks and walking paths. All utilities, including municipal water and sewer, are readily available. This property is perfect for builders or investors seeking to establish a single-family home rental community or develop individual homes in a highly desirable location. The asking price is $849,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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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.
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