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    Traverse City, MI
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    Traverse City, MI Residential Land & Home Lots for Sale

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    Inland Waterfront-Access Building Lot
    Updated: Jun 25
    Inland Waterfront-Access Building Lot

    14857 Mallard Drive, Traverse City, MI 49686

    $695,000
    2.13 AC lot
    Just over 2 acres in Mission Hills on Old Mission Peninsula on Mallard Dr
    Partly cleared and partly wooded lot with mature hardwoods
    Lot adjoins association common area for added privacy and access to association trails
    Shared East Bay waterfront amenities include sandy shoreline and community dock privileges
    Access to association trails and shared waterfront areas
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    Waterfront Residential Building Lot
    Updated: May 15
    Waterfront Residential Building Lot

    186 S Long Lake Road, Traverse City, MI 49685

    $799,900
    0.30 AC lot
    Long Lake property with 66 ft of private frontage on the south end of the lake
    0.30‑acre lot with a gentle slope toward the water
    Sandy bottom frontage
    Existing cabin and driveway already in place
    Power to the property is available
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    Multifamily Land Opportunity
    Multifamily Land Opportunity

    2624 Hartman Road, Traverse City, MI 49685

    $740,000
    5.25 AC lot

    5.25-acre parcel in Garfield Township with a permitted R-3 rezoning and existing well and septic.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Land
    Land

    219 Porsche Dr, Traverse City, MI 49685

    $100,000

    Residential land & home lots

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    Cleared Development Land for Multi-Family
    Cleared Development Land for Multi-Family

    5175 Sawyer Woods Drive, Traverse City, MI 49685

    $735,000
    14.56 AC lot

    Nearly 15 acres of level, cleared land across four parcels with utilities and an approved 10-unit condo plan.

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    Buildable Residential Land Parcel
    Buildable Residential Land Parcel

    90 Cross Country Trail, Traverse City, MI 49686

    $110,000
    1.92 AC lot

    1.92-acre residential-zoned parcel with room to design a custom home site near downtown and Grand Traverse Bay.

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    Private Rolling Land Parcel
    Private Rolling Land Parcel

    E Bingham Valley Drive lot: 1 & 3, Traverse City, MI 49684

    $249,000
    4.42 AC lot

    4.42-acre parcel with mature trees, multiple build sites, and a well already installed for a private residence.

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    Land
    Land

    Traverse City, MI 49686

    $194,900

    Waterfront Land

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    Wooded Waterfront Home Site
    Wooded Waterfront Home Site

    Center Road, Traverse City, MI 49686

    $299,000
    2.16 AC lot

    Wooded land parcel on Michigan’s Old Mission Peninsula with views of East Grand Traverse Bay and residential zoning.

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    Open Rolling Residential Acreage
    Open Rolling Residential Acreage

    High Lake Road, Traverse City, MI 49696

    $225,000
    8.09 AC lot

    Over eight acres of open, rolling land with convenient access to local schools, shopping, and recreation.

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    Land
    Land

    Traverse City, MI 49696

    $289,900

    Waterfront Land

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    Wooded Land with Multiple Access Points
    Wooded Land with Multiple Access Points

    1010 Sharkey Road, Traverse City, MI 49696

    $425,000
    25.47 AC lot

    25.47 acres of wooded land with a pole building, trail access, and multiple entry points off Sharkey Road.

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    Vacant Residential Building Lot
    Vacant Residential Building Lot

    1436 Vanderlip Road, Traverse City, MI 49686

    $109,000
    3.73 AC lot

    Build a private Up North retreat on a vacant parcel in a peaceful setting near Traverse City.

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    Unimproved Land
    Unimproved Land

    780 E Hammond Place E, Traverse City, MI 49684

    $350,000

    Waterfront Land

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    Traverse City Buildable Vacant Land
    Traverse City Buildable Vacant Land

    615 Grant Street, Traverse City, MI 49686

    $125,000
    0.13 AC lot

    Vacant lot near downtown Traverse City with building options.

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    Waterfront Residential Land Lot
    Waterfront Residential Land Lot

    136 N E Bay Boulevard, Traverse City, MI 49686

    $250,000
    0.10 AC lot

    Residentially zoned lot near East Bay Beach, offering a waterfront lifestyle close to Traverse City amenities.

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    Land
    Land

    Traverse City, MI 49685

    $95,000

    Residential land & home lots

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    Commercial Land with Scenic Views
    Commercial Land with Scenic Views

    1202 N US-31, Traverse City, MI 49685

    $149,900
    0.85 AC lot

    High-visibility parcel off US-31 with strong scenic potential and Office (C-O) use references to review with township.

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    Unimproved Land
    Unimproved Land

    6669 E Fouch Road, Traverse City, MI 49684

    $59,000

    Residential land & home lots

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    Traverse City Buildable Vacant Land
    Traverse City Buildable Vacant Land

    615 Grant Street, Traverse City, MI 49686

    $175,000
    0.13 AC lot

    Vacant lot near downtown Traverse City with building options.

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    Unimproved Land
    Unimproved Land

    Part of 1000 Camino Maria, Traverse City, MI 49686

    $225,000

    Residential land & home lots

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    Secluded Wooded Acreage Near Traverse
    Secluded Wooded Acreage Near Traverse

    S Cottonwood Drive, Traverse City, MI 49684

    $399,000
    13.44 AC lot

    13.44-acre wooded parcel near Lake Leelanau and Traverse City.

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    Land
    Land

    000 E Hammond Pl, Traverse City, MI 49686

    $500,000

    Residential land & home lots

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    6.5-Acre Vacant Land Parcel
    6.5-Acre Vacant Land Parcel

    195 Starflower Lane, Traverse City, MI 49686

    $375,000
    6.51 AC lot

    Build-ready 6.5-acre parcel near Traverse City.

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    Traverse City, MI Residential Land & Home Lots Market Trends and Statistics

    Explore 87 residential land & home lots for sale in Traverse City, MI, showcased through 87 active listings on our real estate platform. These investment opportunities span a total of 13,032,716 square feet of properties for sale, with an estimated market value of $21,426,990.

    Sale prices for home sites in Traverse City, MI start at $39,900, averaging $246,287, and reaching up to $2,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 71
    Commercial land 53
    Waterfront Land 23
    Agricultural land / Farmland 15
    Industrial land 13

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Investment

    Identify Traverse City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49696 $160.5K
    49685 $194.6K
    49684 $305.5K
    49686 $311.4K

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

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    Most Searched ZIP Codes in Traverse City, MI

    • 49685
    • 49686
    • 49684
    • 49696

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