0 Tbd Lone Tree Rd Traverse City, MI null
This exceptional 19.8-acre residential development opportunity is situated on the desirable west side of Traverse City, Michigan. The property, encompassing two parcels (APN: 05-007-021-00, 05-008-022-02), boasts a prime location between North Long Lake and Lone Tree Roads, conveniently accessed from Zimmerman Road. Zoned R-2, the land allows for the construction of single-family homes or duplexes, presenting significant development potential. A pre-approved site plan for a 40-home single-family development is available, offering a solid foundation for a potential project, adaptable for higher-density duplex construction. The property's proximity to downtown Traverse City amenities, the Munson Medical Center campus, and several schools (West Senior High, Long Lake Elementary, and West Middle School) enhances its appeal. It's also conveniently located adjacent to the established Lone Tree subdivision and Brookside apartments. The seller is open to selling the parcels individually. Two potential splits are available on the south parcel, and two more are planned for the north parcel in 2027. All essential utilities, including municipal water and sewer, are readily available. This is a rare opportunity to acquire a significant residential development tract in a highly sought-after area.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.