4051 Cedar Run Rd Traverse City, MI 49684
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.