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2105 N US-31 S, Traverse City, MI 49684

$1,500,000

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Sold Price: $1,500,000
List Price: $1,650,000
Closing Date: Aug 08, 2024
Days on Market: 835
Status: SOLD IN HOUSE
MLS#: 1898916
Lot Size (Acres): 18.13

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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.

(231) 499-4448

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Additional Information

Amenities: None
Utilities: Electricity Available, Natural Gas Available
Water: Public, Private Well
Sewer: Public Sewer, Municipal
School District: Traverse City Area Public Schools