Traverse City, MI Residential Land & Home Lots for Sale

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Updated: Jan 27

Rezoned Multifamily Development Land

2624 Hartman Road, Traverse City, MI 49685

$740,000

900 sqft 5.25 AC lot

Recently rezoned to R‑3 with estimated capacity for 20–24 units for apartment options (see associated documents for drawings/potential).
Private water source; well and septic are currently installed.
Municipal services are very close by.
Renters currently occupy the property; showing required via Realtor with Showingtime.
Located in Garfield township, just minutes to everything TC has to offer.

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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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Private Waterfront Land Parcel

14750 Mallard Drive, Traverse City, MI 49686

$3,500,000

4.99 AC lot

Build on a raised, private shoreline site with commanding Great Lakes views and direct boating access.

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Waterfront Land Parcel

Traverse City, MI 49686

$3,500,000

5.00 AC lot

Build on a raised knoll with extensive private shoreline and uninterrupted water views.

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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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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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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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Residential Building Lot

57 Porsche Dr, Traverse City, MI 49685

$100,000

1.00 AC lot

1+ acre lots with natural gas, underground electric, and high-speed internet, plus room for up to 1,200 sq. ft. outbuildings.

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Wooded Waterfront Home Site

Center Road, Traverse City, MI 49686

$199,000

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

High Lake Road, Traverse City, MI 49696

$175,000

8.09 AC lot

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

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Wooded Waterfront Peninsula Homesite

00 Center Rd, Traverse City, MI 49686

$299,000

2.00 AC lot

More than two-acre wooded homesite with East Grand Traverse Bay views on Old Mission Peninsula.

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Commercial, Traverse City, MI

2624 Hartman Road, Traverse City, MI 49685

$740,000

900 sqft 5.00 AC lot

Residential land & home lots · 900 SF

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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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Wooded Acreage Building Site

00 S Cottonwood Dr, Traverse City, MI 49684

$399,000

13.44 AC lot

Private wooded land with an established building site and underground electric, plus optional Lake Leelanau club access.

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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

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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Zoned Residential Development Lot

213 East Fifteenth Street, Traverse City, MI 49684

$199,000

0.19 AC lot

Residential lot near the Boardman Lake Trail with R1-B zoning allowing single-family, duplex, ADU, or family day care.

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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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Residential Lot Near Downtown

213 E Fifteenth Street, Traverse City, MI 49684

$209,000

0.19 AC lot

Rare opportunity to build your dream home near downtown.

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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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Waterfront Land with Private Frontage

186 N South Long Lake Rd, Traverse City, MI 49685

$799,900

0.30 AC lot

Build-ready lakefront lot with 66 feet of private frontage, sandy bottom, and an existing cabin, driveway, and power.

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Waterfront Land with Multiple Building Sites

780 Hammond Place E, Traverse City, MI 49684

$350,000

13.40 AC lot

Waterfront acreage with multiple lake-view building sites and year-round fishing appeal in Northern Michigan.

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Residential Land with Development Potential

2624 Hartman Road, Traverse City, MI 49685

$740,000

Land in Garfield Township with potential for apartment development.

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

Explore 216 residential land & home lots for sale in Traverse City, MI, showcased through 216 active listings on our real estate platform. These investment opportunities span a total of 17,953,254 square feet of properties for sale, with an estimated market value of $62,454,090.

Sale prices for home sites in Traverse City, MI start at $39,900, averaging $293,211, and reaching up to $3,500,000 — 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

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
49685	$170.5K
49696	$236.7K
49684	$327.3K
49686	$517.8K

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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