4728 Cedar Run Rd Traverse City, MI 49684
This exceptional 33.5-acre parcel, located at 4728 Cedar Run Road in Traverse City, Michigan, presents a unique development opportunity. Situated just west of downtown, the property boasts over 1,600 feet of frontage on Cedar Run Road and offers breathtaking views of the downtown area and the bay from its elevated western edge. The eastern side features rolling hills and mature hardwoods. Approximately 16 acres are comprised of a capped fly ash pit and are not developable. The remaining usable acreage is mostly cleared and ready for development. Currently zoned Agricultural, the property aligns with Garfield Township's master plan designating it for Low Density Residential (1-3 units per acre), allowing for potential rezoning to R-1. Alternatively, a PURD (Planned Urban Residential District) designation could enable clustered home sites and public trails. Municipal water and public sewer are readily available. The asking price is $850,000. Detailed information and offer evaluation criteria are available in associated documents. This property is ideal for developers seeking a prime location with stunning views and significant development potential. The zip code is 49684, and the property is located in Grand Traverse County.
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
Similar Nearby for Lease
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.