$1,500,000
$1,650,000
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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
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
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Bought with Three West, LLC
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Managing Partner | License ID: 6506046014
280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States