Current Use by Public Records
- Land
Property Details for 000 Peninsula Dr
- Property type
- Land
Description
This exceptional 24.57-acre property on Old Mission Peninsula in Traverse City, Michigan, presents a unique investment opportunity. Located at 000 Peninsula Drive, 49686, this land boasts established apple and cherry orchards, featuring over 5,000 Honeycrisp apple trees and 1,000 Black Pearl sweet cherry trees across two acres. The property includes existing irrigation systems and fencing, simplifying operations. The land is enrolled in the PDR (Purchase of Development Rights) Program, which limits future development while permitting agricultural uses such as field cropping, fruit farming (cherries, apples, grapes), roadside stands, and the raising of small animals and livestock. This offers both stability and potential for continued agricultural production. The property is easily accessible, located 13 miles from the intersection of Phelps and Peninsula Drive. The seller is open to a minimum five-year lease agreement, providing flexibility for potential buyers or investors. This is an ideal opportunity for those seeking established agricultural land with significant potential for growth and income generation in a desirable location. The property's location in Grand Traverse County, Michigan, offers stunning views and proximity to Traverse City's amenities. The asking price for this remarkable property is $415,233.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.5491
- Latitude
- 44.8621
