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    Multifamily Property with Multiple Barns
    Updated: Apr 30
    Multifamily Property with Multiple Barns

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    15,383 sqft 40.39 AC lot
    40‑acre property about 8 minutes from downtown Traverse City, offering redevelopment potential for residential, commercial, or creative uses
    8 homes on site totaling over 16,000 sq ft, providing multiple living spaces and flexible configuration options
    Includes 4 large barns for storage and potential on‑site work or events use
    Designed for gatherings with capacity to hold over 80 guests
    Water provided by well; sewer is shared septic; roof is asphalt
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    This listing looks promising.

    Here's a quick look at some key insights for

    55 S Hope Ridge, Traverse City, MI 49696

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    • Est. Cap Rate

      4.2%
      NOI ÷ price

    • Est. NOI

      $146K
      Annual

    • Price @ 7% Cap

      $2.09M
      Suggested

    • Property Type

      Vacant Commercial
      Built 1989
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    Event Center with 120-Seat Hall
    Updated: Jun 10
    Event Center with 120-Seat Hall

    1776 High Lake Road, Traverse City, MI 49696

    $1,399,000
    3,640 sqft 5.06 AC lot
    Event center in Traverse City, MI includes a 3,640 SF gathering hall plus a 3+ BR, 2 BA residence on 5 acres
    Main hall seats 120 and the Spruce Room is rated for an additional 28
    Modern renovated venue ready for parties, presentations, and performances
    Many uses allowed; duplexes and single‑family homes are permitted uses
    Pine Hall can be sold without the house with a $400,000 reduction
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    Historic Hotel and Restaurant Inn
    Historic Hotel and Restaurant Inn

    18599 Mission Road, Traverse City, MI 49686

    $4,260,000
    5,644 sqft 10.86 AC lot

    Historic Victorian inn with 13 guest rooms, a commercial kitchen, dining areas, and a public-facing cafe.

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    Retreat and Wedding Venue Property
    Retreat and Wedding Venue Property

    55 S Hope Ridge, Traverse City, MI 49696

    $3,500,000
    16,208 sqft 40.76 AC lot

    A 40-acre campus with multiple homes and barns, positioned about eight minutes from downtown for event and retreat uses.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Renovated Event Center with Residence
    Renovated Event Center with Residence

    1776 High Lake Road, Traverse City, MI 49696

    $1,399,000
    3,640 sqft 5.00 AC lot

    Modern Pine Hall event venue with a 3640 gathering hall, seating for 120, and an on-site 3+ bedroom residence.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Grand Traverse County, MI, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Land with Shared Frontage
    Waterfront Land with Shared Frontage

    Timberlee Drive, Traverse City, MI 49684

    $2,900,000
    100.18 AC lot

    Large waterfront parcel with multiple potential building sites and shared Lake Leelanau frontage.

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    Scenic Land Parcel in Sturgeon
    Scenic Land Parcel in Sturgeon

    N Duluth Ave, Sturgeon Bay, WI 54235

    $400,000
    3.49 AC lot

    East-facing land with seasonal water views and development potential.

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    Vacant Land Near Water Feature
    Vacant Land Near Water Feature

    890 Avis Dr, Ann Arbor, MI 48108

    $499,000
    3.85 AC lot

    3.85 acres of commercial land with development potential.

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    Galena Land For Sale
    Galena Land For Sale

    US Rt 20 W lot: 3, Galena, IL 61036

    $252,000
    1.75 AC lot

    1.75 acres in Galena, Illinois, near Gateway Park.

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    Grand Traverse County, MI Wedding Venues Market Trends and Statistics

    Explore 5 wedding venues for sale in Grand Traverse County, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 44,515 square feet of properties for sale, with an estimated market value of $14,058,000.

    Sale prices for event centers in Grand Traverse County, MI start at $1,399,000, averaging $2,811,600, and reaching up to $4,260,000 — 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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