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Property profile & analytics
OFF-MARKET
Land

0 Tbd Lone Tree Rd Traverse City, MI null

19.8 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 19.8 ac (862,488 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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