124 W Front Traverse City, MI 49684

Sold In House

$3,450,000

Market Estimate

1.25 Acres
Vacant Lot/Land
MLS# 1858397

Listing provided courtesy of: Three West, LLC: 1131 E. Eighth Street, Traverse City, MI

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Property Details

Description

This is one of the largest development sites remaining in downtown Traverse City, one of the countries most beautiful places. Develop your project up to 60' in height to take advantage of some of the best views of West Grand Traverse Bay that Traverse City has to offer. This property is located across the street of the parcel that will be home to the West End Parking Deck. Developers can take advantage of a list of brownfield incentives as well as a $250,000 incentive from the Traverse City DDA for incorporating underground parking into the project. The property also boasts nearly 300' of frontage on the Boardman River which would allow for a nice boardwalk development river side for cafes, restaurants and other boutique retail. The west property boundary is home to the new pedestrian bridge across the river connecting this piece to the newly re-developed warehouse district, home to shopping, a brewery, restaurants and coffee house.

General Features
- Manufactured Allowed No
- Mineral Rights Unknown
- Private Shared Private
- Township Traverse City
- Town T 27N
- Type of Ownership Private Owner
- Type Vacant Lot/Land
Building Features
- Commercial Y N Yes
Property Features
- Land Features Cleared
- Lot Dimensions 453 X 112
- Exterior Features Development Property
- Development Amenities None
- Utilities Available Cable Internet, Electric
- Road Public Maintained
- Water Installed None
- Water Features River
- Water Available Municipal Water
- Number of Acres 1.25
- Waste Available Municipal
- Waste Installed None
- Water Front Footage 303
- Body of Water Boardman River
Schools
- School District Traverse City Area Public School

Neighborhood

49684 (Traverse City) Demographics

42 Median Age

320 Population Density (per sq. mile)

51% College Educated

$63,197 Estimated Median Income

12,195 Estimated Total Home Owners

4,553 Estimated Total Renters

73% / 27% Estimated Owner / Renter Divide

2 Estimated Average Household Size

40,363 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$465,000 Median Sales Price

50 Homes Sold

89 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	New in Database Source: Multiple Listing Service	New Value: $0	-100%
1/23/2023 3:00:00 AM	Sold Source: Multiple Listing Service	New Value: $3,450,000

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.