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    Traverse City, MI
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    Traverse City, MI Single Family Properties for Sale

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    Cedar, MI Williamsburg, MI Acme, MI Grawn, MI Suttons Bay, MI Interlochen, MI Lake Leelanau, MI Maple City, MI
    Rezoned Multifamily Development Land
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Income Property with 9 Bedrooms
    Residential Income Property with 9 Bedrooms

    3821 S 39 Road, Cadillac, MI 49601

    $369,900
    4,456 sqft 2.86 AC lot

    Single property with 9 bedrooms and 5 bathrooms on 2.86 acres, with updates completed in 2025.

    View details
    Residential Income Property with Road Frontage
    Residential Income Property with Road Frontage

    8921 US-31, Grawn, MI 49637

    $395,000
    1,276 sqft 3.20 AC lot

    Extensive highway frontage and on-site structures offer flexible use considerations, with commercial designation noted in the township plan.

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    Prime Development Property, Cadillac MI
    Prime Development Property, Cadillac MI

    7801 S US-131, Cadillac, MI 49601

    $540,000
    12.00 AC lot

    12-acre commercial development property near downtown Cadillac.

    View details
    Commercial Property with Pole Barn
    Commercial Property with Pole Barn

    8890 US-131, S, Grawn, MI 49637

    $279,900
    1,836 sqft 0.76 AC lot

    Commercial-zoned property with a front building, heated/electrified pole barn, and a residential home on nearly 0.8 acres.

    View details

    Traverse City, MI Single Family Properties Market Trends and Statistics

    Explore 1 single family properties for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 900 square feet of properties for sale, with an estimated market value of $740,000.

    Sale prices for single family properties in Traverse City, MI average $740,000 — 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

    Multifamily properties 24
    Duplexes 8
    Short term rental properties 8
    Apartment buildings 4
    Quadplexes 4

    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 $740K

    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

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Traverse City fall within the 100,000+ square foot range.

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