1600 Simsbury St Traverse City, MI 49686
- Commercial land
- 4.52 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1600 Simsbury St
- Lot size
- 4.52 lot acres
- Property type
- Commercial land
- APN
- 05-014-108-00
- APU
- 501410800
Description
This exceptional 4.52-acre parcel presents a rare opportunity for a high-density residential development in the desirable Traverse City, Michigan market. Located at 1600 Simsbury St, this shovel-ready site boasts stunning Boardman Lake waterfront views and is conveniently situated just one mile from Cherry Capital Airport (TVC) and under two miles from West Bay. The property is zoned R-3 Multi-Family Residential, allowing for the construction of up to 72 condominium or apartment units. All necessary entitlements and approvals are in place, eliminating significant pre-construction hurdles and accelerating the development timeline. The property's APN is 05-014-108-00, and its location in Grand Traverse County, with a 49686 zip code, offers easy access to amenities and a thriving local economy. This prime location, combined with the approved density and waterfront access, makes this a truly unique investment opportunity with significant potential for substantial returns. The asking price for this fully entitled 4.52-acre lot is $3,200,000. Don't miss this chance to acquire a highly sought-after development site in a rapidly growing area. This is a turnkey opportunity for developers seeking a quick path to a lucrative multifamily project.
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
- -85.6115
- Latitude
- 44.7438
- CBSA code
- 45900
- CBSA name
- TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
