3 Mile Rd Traverse City, MI 49696
- Land
- 2.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 3 Mile Rd
- Lot size
- 2.50 lot acres
- Property type
- Land
Description
This exceptional 2.5-acre commercial land parcel in Traverse City, Michigan (APN 03-218-049-20), presents a remarkable development opportunity. Located on N Three Mile Rd, this high-visibility corner lot boasts excellent ingress/egress points off both Three Mile Road and South Airport, both public blacktop roads. The property is zoned for multi-family use and enjoys a high traffic count, as confirmed by the Michigan Department of Transportation. All essential utilities are readily available, including municipal water, sewer, and natural gas. The level lot offers significant advantages for construction. This unique location combines the convenience of city access with the unparalleled beauty of its natural surroundings. The property is bordered to the south by Mitchell Creek, a significant tributary to Grand Traverse Bay, and is situated near the 128-acre Mitchell Creek Nature Preserve. This preserve plays a vital role in maintaining the ecological health of the area, offering flood control, water filtration, and a rich habitat for diverse flora and fauna. The proximity to this natural sanctuary enhances the property's appeal and provides a unique selling point. This is a truly exceptional opportunity to develop a project that capitalizes on both urban convenience and the tranquility of nature. The asking price is $158,000. The zip code is 49696.
Value Estimation
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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
- -85.5567
- Latitude
- 44.7065
