1040 Front St Traverse City, MI 49686
- Retail properties
- 1,864 SF
- 0.63 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1040 Front St
- Year built
- 1981
- Lot size
- 0.63 lot acres
- Property size
- 1,864 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.5968
- Latitude
- 44.7639
