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1470 US 31
Traverse City, MI 49686
Land For Sale
·
0.66 AC
Investment Highlights
- Located on US-31 with strong daily traffic and high visibility.
- Zoned for multiple uses: retail, office, hospitality, or residential rentals.
- Features two cabins and a storage garage currently on the property.
- Directly across from East Grand Traverse Bay and near Traverse City State Park.
- Previously approved for a 12-unit apartment building; plans available upon request.
- Close to TART Trail, major highways, and Traverse City’s thriving downtown district.
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.66 AC |
| Zoning | Commercial - Commercial Zoned District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.66 AC |
| Zoning | Commercial - Commercial Zoned District |
1 Lot Available
Lot
| Price | $817,180 CAD | Lot Size | 0.66 AC |
| Price Per AC | $1,238,151.20 CAD |
| Price | $817,180 CAD |
| Price Per AC | $1,238,151.20 CAD |
| Lot Size | 0.66 AC |
Description
Situated along the highly traveled US-31 corridor, this property offers an outstanding opportunity to secure a presence in one of Michigan’s most popular year-round destinations. The site sits directly across from East Grand Traverse Bay, providing scenic visibility and exposure to substantial seasonal and local traffic. Zoned Regional Business, it allows for multiple uses, including office, retail, hospitality, or rental operations. The property benefits from proximity to Traverse City State Park, TART Trail, and major tourism routes, making it an excellent location for a seasonal or permanent business. Two existing cabins and a storage garage are currently on site, with previous site plan approval for a 12-unit apartment building available to interested buyers. With its flexibility, visibility, and location in a strong regional growth market, this asset is primed for redevelopment or repositioning to maximize value and appeal.
Property Taxes
| Parcel Number | 03-208-040-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $232,603 CAD |
Property Taxes
