2105 N Us-31 S Traverse City, MI ^$ 1,650,000

2105 N Us-31 S

^$ 1,650,000

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2105 N Us-31 S

Traverse City, MI, 49684

^$ 1,650,000

Studio Baths0.0

Monthly Estimate*

^$ 11,526

2105 N Us-31 S, Traverse City, MI 49684 - Image 1

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2105 N Us-31 S, Traverse City, MI 49684 - Image 7

Studio

Lots and Land for sale in Traverse City, MI

for $1,650,000. The lot size is 18.13.

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.

Lots and Land Active

Price

^$ 1,650,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Vacant Land

Lot Size

18.13

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1308042

Features

General

Possession Subject To Tenant Rights

Water Private Well

Status Active Accepting Backup Offers

Subdivision None MI

County Grand Traverse

Class VACANT LAND

Type Vacant Land

Percent Ownership Private

Municipality Garfield Twp

Section 21

Zoning Multi-Family Commercial

Utilities Electricity Available Natural Gas Available Sewer Available Sewer Connected Water Available

Area Garfield Twp (28005)

Primary City Traverse City

Location Corner Lot

Directions South of the intersection of US 31 and South Airport on the west side of 31 just north of McRae Hill Rd.

City Traverse City

School District Traverse City Area Public School

Street Name US-31 S

Financial Terms Cash Conventional

Legal Description GA 281 A ALL THAT PART SE1/4 SW1/4 LYING WLY US 31 & NLY OLD US 31 EXC N 460' SEC 21 T27N R11W 19 A.

DOM 732

Postal Code 49684

Price Per Sq Ft 91009.38

Coming Soon Prime development opportunity located near Mall and shopping corridor. The property has recently been rezoned to R-3 Multi-Family Residential zoning

Exterior

Lot Size Area 18.13

Lot Dimensions 601x805x1156x865

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Kevin Endres

Listing Agent

Three West, Llc

Broker

kendres@threewest.com

Affordability Calculator

$11,526

Per Month

Monthly Principal & Interest: $11,526
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Lots and land listings in Traverse City, MI

Average List Price ^$349,913

Percent of Sale Price 79%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3769590 Elementary School

3769595 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2023	$1,650,000	-7.82%	Price Down
12/11/2022	$1,790,000		Listed Price

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2105 N Us-31 S, Traverse City, MI, 49684 is a Lots and Land for sale at $1,650,000 with a lot size of 18.13. 2105 N Us-31 S is a studio with 0.0 baths. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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2105 N Us-31 S

Lots and Land for sale in Traverse City, MI

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