841 E Front Street Traverse City, MI ^$ 6,999,900

841 E Front Street

^$ 6,999,900

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841 E Front Street

Traverse City, MI, 49686

^$ 6,999,900

Bedrooms-- Baths--

Monthly Estimate*

^$ 43,670

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Commercial Property for sale in Traverse City, MI

for $6,999,900. This building was built in 1957 on a lot size of 1.41.

Waterfront! Incredible opportunity for a commercially zoned waterfront development site within walking distance to downtown Traverse City and brand new tennis/pickleball courts and shuffleboard at the public Senior Center beach. 132' on West Grand Traverse Bay offers unparalleled sweeping views of Old Mission, Leelanau, Power Island, Maritime Academy and downtown. HR zoning allows for hotel, restaurant, bar, condominiums and short term rentals. Deep lot totaling 1.41 acres makes this an ideal redevelopment opportunity. No value in existing structures.

Commercial Active

Price

^$ 6,999,900

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

1.41

Year Built

1957

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80053847

Features

General

Heating None

Cooling None

Possession At Close

Roof Other-See Remarks

Water Public Water

Status Active Active

Year Built 1957

Parking Parking Lot

Subdivision na MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Business

Business Name Terrace Beach Motel

Ownership Private

Municipality Traverse City

Section 2

Zoning Commercial Multi-Family

Sale/Rent For Sale

Status Detail 0

Area Traverse City (28021)

Primary City Traverse City

Directions On water side of East Front Street across from Bay Area Pet Hospital and adjacent to Bay Shore Resort.

City Traverse City

Financial Terms Cash Commercial Loan Conventional Exchange/Trade

Legal Description Partial from tax record: LOTS 11 & 12 BLOCK B HANNAH LAY & CO'S 7TH ADD

DOM 316

Postal Code 49686

Public Remarks

Exterior

Exterior Other

Body of Water West Bay

Lot Size Area 1.41

Lot Dimensions 132x460'

Frontage Type Water

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Daniel Stiebel

Listing Agent

Coldwell Banker Schmidt Traver

Broker

dan@realestatetc.com

Affordability Calculator

$43,670

Per Month

Monthly Principal & Interest: $43,670
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$536,020

Percent of Sale Price 92%

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.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/28/2025	$6,999,900		Listed Price

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841 E Front Street, Traverse City, MI, 49686 is a Commercial Property for sale at $6,999,900 with a lot size of 1.41. 841 E Front Street was built in 1957. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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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841 E Front Street

Commercial Property for sale in Traverse City, MI

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