1040 Front St Traverse City, MI 49686
This exceptional redevelopment opportunity presents 0.63 acres of prime commercial land situated on US-31 in Traverse City, Michigan. The property boasts a high-traffic, high-visibility location at the gateway to downtown, a highly desirable area known for its stunning natural beauty, vibrant culinary scene, and thriving tourism industry. The site comprises three separate parcels: two vacant lots and one with an existing single-story, 1,864 square foot office building constructed in 1981. This building currently contains one unit and is zoned HR. The asking price is $1,299,000, translating to $696.89 per square foot. US-31, the main East-West corridor through the Grand Traverse region, ensures exceptional exposure and accessibility. This presents a unique chance to capitalize on the area's robust economy and strong demand for commercial development. An adjacent 1.25-acre parcel is also available for purchase, offering the potential for a significantly larger development project. The property's APN is 28-51-558-004-10, 005-00, 006-00. This is a private owner offering. A virtual tour is available online. Don't miss this chance to build your vision in a thriving Michigan community.
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.