$1,500,000
$1,650,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
18.13 Acres Lot
SOLD DATE : 08/08/2024
Key Details
Sold Price $1,500,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 78001308042
Sold Date 08/08/24
Originating Board Aspire North REALTORS®
Lot Size 18.130 Acres
Acres 18.13
Lot Dimensions 601x805x1156x865
Property Description
Prime development opportunity located near Mall and shopping corridor. The property has recently been rezoned to R-3 Multi-Family Residential zoning, which allows for a large apartment development. Conveniently located between Traverse City and Chum's Corner, this 18.13 acre parcel features 428' of frontage on US 31, natural beauty with a development envelope surrounded by mature trees and a creek on 2 sides. Five residential homes and a small commercial building currently generate income while you work out your development plans.
Location
State MI
County Grand Traverse
Area Garfield Twp
Zoning Commercial,Multi-Family
Exterior
Pool No
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Well (Existing)
Schools
School District Traverse City
Others
Tax ID 280502105400
Ownership Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2024 Realcomp II Ltd. Shareholders
Bought with Three West, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "