Property profile

0 Tbd Nimrod Rd Traverse City, MI 49685

OFF-MARKET
Land
4.57 ac lot
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Property summary

AI-generated overview

This exceptional 4.57-acre commercial land parcel presents a prime development opportunity in Traverse City, Michigan. Located on TBD Nimrod Road, this property boasts 136 feet of frontage on M-37, a major thoroughfare with a daily traffic count of 14,373 vehicles, ensuring high visibility for your business. The property also offers 700 feet of frontage on Nimrod Road. Zoned CM, this versatile site allows for a wide range of uses, including retail, warehouse, light manufacturing, contractor yards, auto sales/repair, restaurants (including drive-thrus), churches, and multi-family dwellings. The land is flat and buildable, ready for immediate development. A site plan for a 7,680 square-foot warehouse is available from the seller, although the lot can accommodate a significantly larger structure. Utilities are readily accessible, including natural gas, electricity, and municipal water. The property's APN is 02-016-011-05. Furthermore, the seller is open to a potential one-parcel split, offering flexibility for buyers. This is an exceptional opportunity to capitalize on a high-traffic location and diverse zoning possibilities in a thriving Michigan market. The asking price is $335,000.

Property profile

Verified
Property type Land
Lot 4.57 ac (199,069 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Tbd Nimrod Rd Traverse City, MI 49685
Traverse City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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