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Property profile & analytics
OFF-MARKET
Land

4051 Cedar Run Rd Traverse City, MI 49684

3.75 ac lot
Property ID
Property summary
AI-generated overview

This 3.75-acre parcel at 4051 Cedar Run Rd, Traverse City, MI 49684 (APN 05-008-010-00) presents a unique development opportunity. Boasting 215 feet of frontage on Cedar Run Road, this property offers excellent visibility and accessibility. Currently zoned R1 (One-Family Residential), the land's potential is enhanced by its proximity to a neighboring property zoned C-G General Commercial. This suggests potential for rezoning, a possibility previously discussed, though not pursued, by Garfield Township. The property's configuration may allow for partial rezoning, maintaining residential use in the rear while developing the front commercially. While some wetlands are present on the 3.75-acre lot, the significant road frontage and location close to Traverse City make this a compelling investment. The asking price is $175,000. Serious inquiries are encouraged to explore the development possibilities of this strategically located land. This privately owned property is ready for your vision.

Property profile
Verified
Property type Land
Lot 3.75 ac (163,350 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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