Between $4 Million - $5 Million Traverse City MI Real Estate, Homes, Condos for Sale

1951909 MLS ⋅ Metes & Bounds BLDG.

Escape to the serene beauty of Traverse City, Michigan with this once-in-a-lifetime opportunity to own a fully working farm on the prestigious Old Mission Peninsula. Nestled on over 126 acres of picturesque land, this property offers an idyllic lifestyle surrounded by natural beauty and endless possibilities. Comprised of six parcels, this remarkable farm boasts 300 feet of private sandy water frontage on West Grand Traverse Bay. At the heart of this property is a meticulously crafted equestrian barn, built in 2016. Boasting 9 spacious stalls, it provides a comfortable and luxurious home for your beloved horses. The barn also features convenient garage doors for work vehicles, a saddle room, employee break room with laundry facilities, and well-appointed grooming areas. Step inside the barn and be greeted by an expansive 60x100 heated dirt arena, perfect for training and exercising your equine companions. Ascend the stairs to discover a sprawling office space adorned with picture windows that offer views of the stalls & arena below. In addition to the equestrian facilities, this farm features multiple outbuildings and a collection of purebred Great Pyrenees guard dogs, ensuring the safety and security of your property. The land itself is a treasure trove of possibilities, with over 2000 Christmas trees, 300 lavender Vera plants, and 15 acres already dedicated to rotational crops. Immerse yourself in the joys of sustainable farming or explore new agricultural ventures. Don't miss your chance to own this extraordinary property on the Old Mission Peninsula.

3619 Tompkins Road, Traverse City

$4,975,000

3 Beds ⋅ 2 Baths ⋅ 1951908 MLS ⋅ Metes And Bounds BLDG.

Fully working farm on the coveted Old Mission Peninsula in Traverse City, Michigan! Comprised of six parcels, this remarkable property boasts 300 feet of private sandy water frontage on West Grand Traverse Bay, a turn of the century farmhouse, an operating equestrian facility complete with purebred Great Pyrenees guard dogs, and multiple outbuildings. The land itself is a treasure trove of possibilities with over 2000 Christmas trees, 300 lavender Vera plants, and 15 acres already dedicated to rotational crops. Immerse yourself in the joys of sustainable farming or explore new agricultural ventures. This farm includes an operating equestrian facility complete with a state-of-the-art barn built in 2016 featuring 9 stalls, garage doors for work vehicles, saddle room, employee break room and laundry, grooming areas, and an expansive 60x100 heated dirt arena for working the horses. Ascend the stairs to discover a sprawling office space adorned with picture windows that offer views of the stalls and arena below. There are multiple outbuildings on the property including a newly built (2020) pole barn currently used for hay and tractor storage. Equipment, tack, and feed included with property, perfect for an experienced/aspiring farmer or equestrian enthusiast. Surrounded by beautiful Old Mission Peninsula countryside with only a short walk to your own private sandy beach on the bay, this property offers an idyllic lifestyle surrounded by natural beauty and endless possibilities.

3619 Tompkins Road, Traverse City

$4,750,000

8 Baths ⋅ 1951805 MLS ⋅ Beadle Building BLDG.

Prime retail corner with 4 beautiful recently built residential units on the 2nd floor. This mixed-use building is on the best corner of Front and Cass in the heart of downtown. An exceptional opportunity to rent or sell the 4 newly designed residential units on the 2nd floor (short term rentals allowed) and remodel the first floor and lower level for a retail store, restaurant or bar. This highly visible property is in the center of the thriving shopping district, providing unmatched foot traffic, and exposure. There is 4,240 square feet of versatile, open space on the main level with deck overlooking the boardman river and an additional 4,240 square fee on the lower level with its on entrance on the river side of the building. 1st floor and lower level are also available for lease or as a condominium unit.

161 E Front Street, Traverse City

$4,150,000

1951406 MLS ⋅ Slabtown Suites BLDG.

Located at the corner of West Front Street and Spruce Street in Traverse City’s Slabtown neighborhood, this 12,000+ sq. ft. mixed-use property offers an exceptional combination of location, income, flexibility, and long-term upside. Situated on a C2 zoned lot between Munson Medical Center and downtown Traverse City, the property consists of nine individually tax-ID’d units. The eight residential units include four 2-bedroom, 2-bath units and four 1-bedroom, 1-bath units, all of which are short-term rentable by right and license and fully furnished. The ninth unit is a first-floor commercial space that is fully leased through the end of 2028. Perhaps the most compelling aspect of this property is the number of ways it can be operated. Continue utilizing the entire building as a boutique hospitality property, operate the residential units independently as short-term rentals while maintaining a separately leased commercial space, or explore a condominium conversion and sell units individually. A combination strategy is also possible—sell select residential or commercial units while retaining others as income-producing assets. The property is uniquely positioned for an investor looking beyond a traditional single-use asset. With the zoning, existing unit configuration, individual tax IDs, established short-term rental use, and commercial tenancy already in place, the next owner has the ability to shape the property around their investment strategy. And the location speaks for itself. West Front Street puts you just outside downtown proper while remaining within easy reach of Munson, the Boardman River, restaurants, retail, and everything that makes Traverse City such a sought-after market. Multiple income streams. Multiple exit strategies. One exceptional location. Inquire for detailed income information and additional property details. One or more Sellers are a licensed Real Estate Agent in the State of Michigan.

902 W Front, Traverse City

$5,000,000

2 Baths ⋅ 1950714 MLS ⋅ Chums Corners BLDG.

Prime commercial opportunity in Traverse City. Located on the high-visibility US-31 corridor at 939 US Highway 31 S, GT Liquor offers an established retail footprint serving the greater Grand Traverse region. The operation features a dedicated beer cave, walk-in commercial refrigeration, an extensive selection of spirits and craft beer, specialty barrel picks, and DoorDash delivery. The property also offers dedicated parking and flexible operating hours. Seller reports facility updates completed in 2024. The land and building are offered for $4.5 million. The business is available separately for an additional $500,000, with inventory valued at closing. Business financials are available after execution of a nondisclosure agreement. A gas station may be a potential additional use. Blair Township’s Commercial Manufacturing district allows gasoline filling stations with a special-use permit, subject to township review and approval. Buyers should confirm the parcel’s zoning and the feasibility of their proposed layout directly with Blair Township.

939 S US-31, Traverse City

207 W Grandview Unit #405, Traverse City

$4,555,500

3 Beds ⋅ 3 Baths ⋅ 1949776 MLS ⋅ The Continental BLDG.

Panoramic West Bay views, generous living spaces, and a private outdoor retreat come together in this exceptional three-bedroom penthouse at The Continental, offering a rare opportunity to experience downtown Traverse City from an elevated perspective. The residence is designed to make the most of its surroundings, with an open and spacious floor plan, refined contemporary finishes, and oversized windows that draw natural light throughout the home. Expansive sightlines showcase West Bay and the beauty of Northern Michigan from nearly every room. The private outdoor patio adds another dimension to the residence, creating an inviting space for morning coffee, sunset gatherings, or entertaining against a backdrop of sweeping bay views. It’s a setting that makes the most of both the downtown energy and the natural beauty just beyond it. Life at The Continental includes access to an impressive collection of amenities, from the private fitness center with sauna and cold plunge to the on-site bodega and rooftop retreat. The rooftop features a plunge pool, grilling stations, golf simulator, pool table, chef’s kitchen, fire features, and spectacular views across West Bay. Owners also have the opportunity to purchase membership access to select amenities at the adjacent Marriott Hotel, including concierge services and dining options. Optional reserved parking is available. With three bedrooms, panoramic water views, private outdoor space, and an exceptional collection of amenities, this penthouse brings a distinctly elevated side of downtown Traverse City living to life.

207 W Grandview Unit #405, Traverse City

207 W Grandview Unit #404, Traverse City

$4,171,420

3 Beds ⋅ 3 Baths ⋅ 1949777 MLS ⋅ The Continental BLDG.

Sweeping West Bay views, exceptional outdoor space, and a coveted corner position make this three-bedroom penthouse one of the standout residences at The Continental. Designed around its elevated perspective, the residence features an open, airy floor plan with sophisticated finishes, expansive windows, and abundant natural light. The corner location allows the views to take center stage, with multiple vantage points capturing West Bay, downtown Traverse City, and the neighboring Marriott Hotel. The expansive private patio is a true extension of the home, offering an incredible setting for entertaining, relaxing, or watching the sun set over West Grand Traverse Bay. Few downtown residences offer this combination of private outdoor space and panoramic water views. Residents of The Continental have access to an impressive collection of amenities, including a private fitness center with sauna and cold plunge, an on-site bodega, and a rooftop retreat overlooking West Bay. Rooftop amenities include a plunge pool, grilling stations, fire features, golf simulator, pool tables, chef’s kitchen, and generous spaces for entertaining. Owners also have the opportunity to purchase membership access to select amenities at the neighboring Marriott Hotel, including concierge services and dining options. Optional reserved parking is available. A premier corner residence with three bedrooms, panoramic Bay views, and an unmatched downtown setting. This is penthouse living designed to make the most of Traverse City.

207 W Grandview Unit #404, Traverse City

$4,260,000

1949598 MLS ⋅ Old Mission Peninsula BLDG.

The historic Old Mission Inn is a beautifully restored Victorian hotel in the heart of Traverse City's renowned Old Mission Peninsula wine region. Situated on approximately 10 scenic acres with favorable zoning, this iconic property offers 13 guest rooms, 11 baths, a spacious commercial kitchen, elegant dining areas, and a large covered porch with beautiful Lake Michigan views.------ Included in the sale is the thriving Mission Bay Café, now open to the public and becoming a popular destination for both locals and visitors. An exceptional opportunity for a boutique inn, restaurant, wedding and event venue, or expanded hospitality business.----- Please do not visit or contact staff regarding the sale. All showings are by appointment only, and proof of financial ability is required prior to scheduling tours.

18599 Mission Road, Traverse City

$4,123,055

3 Beds ⋅ 4 Baths ⋅ 1948852 MLS ⋅ Beechwood BLDG.

Perfectly positioned along the shores of West Bay on Old Mission Peninsula, this extraordinary custom home completed in mid 2024 checks all the boxes. Just minutes from downtown Traverse City, Cherry Capital Airport, and the wineries and restaurants of Old Mission Peninsula, it offers the perfect blend of waterfront living and everyday convenience. This rare lakeside home on sought after Peninsula Drive boasts breathtaking water views from nearly every room, along with a screened porch, multiple balconies, an elevated putting green, and a private dock just steps from the backyard. A circular driveway and professionally designed landscaping create an impressive welcome, while the thoughtful design makes the home equally suited for entertaining and everyday living. Inside, you'll find quality craftsmanship and top of the line finishes throughout all three levels, including European white oak floors, custom millwork and cabinetry, Marvin windows, Wolf and Sub Zero appliances, stone countertops, and a Sonos sound system. The spacious primary suite features incredible views of West Bay, a private terrace, and a spa like bath designed for comfort and relaxation. The finished walkout lower level adds even more living space with a wet bar, fireplace, steam shower, and covered lakeside terrace. Outside, bluestone patios, a retractable awning, outdoor shower, dedicated lake equipment storage area, whole house Generac generator, and a 120 foot dock with a 24 by 12 platform complete this exceptional waterfront retreat. Every detail has been thoughtfully designed to create a home that is as functional as it is beautiful, offering an exceptional waterfront lifestyle on West Bay.

9669 Peninsula Drive, Traverse City

$4,260,000

1948099 MLS ⋅ Old Mission Peninsula BLDG.

The historic Old Mission Inn is a beautifully restored Victorian hotel in the heart of Traverse City's renowned Old Mission Peninsula wine region. Situated on approximately 10 scenic acres with favorable zoning, this iconic property offers 13 guest rooms, 11 baths, a spacious commercial kitchen, elegant dining areas, and a large covered porch with beautiful Lake Michigan views. Included in the sale is the thriving Mission Bay Café, now open to the public and becoming a popular destination for both locals and visitors. An exceptional opportunity for a boutique inn, restaurant, wedding and event venue, or expanded hospitality business. Please do not visit or contact staff regarding the sale. All showings are by appointment only, and proof of financial ability is required prior to scheduling tours.

18599 Mission Road, Traverse City

207 W Grandview Unit #305, Traverse City

$4,403,650

3 Beds ⋅ 3 Baths ⋅ 1947467 MLS ⋅ The Continental BLDG.

Welcome to luxury living at The Continental, where modern design meets the beauty of West Bay. This spacious three-bedroom residence on the third floor offers panoramic views of West Bay for a truly elevated living experience. The thoughtfully designed layout features expansive living spaces, refined finishes, and oversized windows that bring in abundant natural light while showcasing the beauty of Traverse City from nearly every angle. A spacious private walk-out patio offers the perfect place to relax and take in sweeping views of West Bay, creating a seamless connection between indoor comfort and Northern Michigan’s natural beauty. Residents enjoy exclusive access to The Continental’s premium amenities, including a private fitness center with sauna and cold plunge, an on-site bodega, and a rooftop retreat complete with a plunge pool, grilling stations, golf simulators, fire features, and breathtaking sunset views over West Bay. As a resident of the continental you have the option to purchase a membership for additional amenities at the adjacent Marriott Hotel, including concierge services and dining options, to further enhances the lifestyle experience. Optional reserved parking is available. Welcome to one of downtown Traverse City’s most exciting luxury addresses, The Continental!

207 W Grandview Unit #305, Traverse City

207 W Grandview Unit #205, Traverse City

$4,297,355

3 Beds ⋅ 3 Baths ⋅ 1946556 MLS ⋅ The Continental BLDG.

Welcome to luxury living at The Continental, where modern design meets the beauty of West Bay. This spacious three-bedroom residence on the first residential level offers panoramic views of West Bay for a truly elevated living experience. The thoughtfully designed layout features expansive living spaces, refined finishes, and oversized windows that bring in abundant natural light while showcasing the beauty of Traverse City from nearly every angle. A spacious private walk-out patio offers the perfect place to relax and take in sweeping views of West Bay, creating a seamless connection between indoor comfort and Northern Michigan’s natural beauty. Residents enjoy exclusive access to The Continental’s premium amenities, including a private fitness center with sauna and cold plunge, an on-site bodega, and a rooftop retreat complete with a plunge pool, grilling stations, golf simulators, fire features, and breathtaking sunset views over West Bay. As a resident of the continental you have the option to purchase a membership for additional amenities at the adjacent Marriott Hotel, including concierge services and dining options, to further enhances the lifestyle experience. Optional reserved parking is available. Welcome to one of downtown Traverse City’s most exciting luxury addresses, The Continental!

207 W Grandview Unit #205, Traverse City

$4,950,000

1946109 MLS ⋅ Ccd Associates Llc BLDG.

Rare opportunity to acquire a 4.5-acre industrial-zoned property at 1500 Barlow Street, ideally positioned between Barlow Street and Woodmere Avenue with excellent ingress/egress and dual access. Zoned General Mixed-Use Industrial (I-G) with additional Light Industrial (I-L) flexibility, the property allows for a wide range of uses including warehouse/distribution, contractor yards, light manufacturing, and service operations—many permitted by right, reducing entitlement timelines and development risk. The site is improved with approximately 54,000 square feet across eight buildings, offering a mix of warehouse, industrial, and office space. While a portion of the buildings are currently leased, the property is best suited for owner-users, contractors, or developers seeking a flexible site with immediate usability and long-term upside. The combination of site size, zoning flexibility, and access supports a variety of use scenarios including yard space, multi-tenant occupancy, or future redevelopment. This is not a traditional stabilized investment offering—the value is in the land, location, and flexibility of use, with existing improvements providing interim utility and income potential. Properties of this size and flexibility rarely become available within this submarket.

1500 Barlow Street, Traverse City

$4,800,000

1942138 MLS ⋅ Record Eagle Office Building BLDG.

Prime Downtown Traverse City Commercial Opportunity – Building + Dedicated Parking. Exceptional opportunity to acquire a core downtown commercial property paired with a dedicated off-site parking lot in the heart of Traverse City’s premier Front Street corridor. This offering includes the commercial building at 116 W. Front Street and the parking lot directly across the street at 119 W. Front Street, a rare and highly valuable combination in a dense, supply-constrained downtown market. Located on Traverse City’s most recognizable commercial street, the property benefits from outstanding visibility, heavy year-round foot traffic, and immediate proximity to dining, retail, entertainment, and West Grand Traverse Bay. Office building contains a dedicated boiler system for heated sidewalks along Front Street, further enhancing year-round accessibility, a significant advantage in Northern Michigan’s winter months.

116 W Front Street, Traverse City

Browse All Traverse City MI Between $4 Million - $5 Million Properties for Sale

Between $4 Million - $5 Million Traverse City Real Estate

How much is your home worth?

How much is your home worth?