55 S Hope Ridge Traverse City, MI ^$ 3,500,000

55 S Hope Ridge

^$ 3,500,000

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55 S Hope Ridge

Traverse City, MI, 49696

^$ 3,500,000

Bedrooms-- Baths-- Sq 16,208

Monthly Estimate*

^$ 21,550

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Commercial Property for sale in Traverse City, MI

for $3,500,000. This 16,208 square foot building was built in 1989 on a lot size of 40.76.

Just 8 minutes from downtown Traverse City, this exceptional 40-acre property offers endless potential. With 8 homes totaling over 16,000 square feet and 4 large barns, itÃ¢â¬â¢s ideal for a variety of venturesÃ¢â¬âthink destination wedding venue, retreat center, boutique resort, private school, or family compound. Capacity to hold over 60 guests! The blend of open fields, wooded privacy, and close proximity to town creates a one-of-a-kind setting for residential, commercial, or creative redevelopment opportunities.

Commercial Active

Price

^$ 3,500,000

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

40.76

Year Built

1989

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80067415

Features

General

Heating Forced Air

Possession Close Plus 31-60 Days

Roof Asphalt

Water Community Well Private Well

Status Active Active

Year Built 1989

Parking 21+ Spaces Parking Lot

Subdivision Abbas House MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name NW Mi House of Hope

Ownership Private

Municipality Blair Twp

Section 2

Zoning Residential Other

Sale/Rent For Sale

Status Detail 0

Commercial Features Fixtures

Area Blair Twp (28002)

Primary City Traverse City

Directions Off Hoch Road west of Garfield Rd and East of N Keystone Rd See SIGN

City Traverse City

Financial Terms Cash Commercial Loan Conventional Exchange/Trade

Legal Description COM N 1/4 COR FOR POB TH W 903.84' TH S 2 689.32' TH E 558.28' TH N 1894' TH E 345' TH N 795.89' TO POB SEC 2 T26N R11W

DOM 0

Postal Code 49696

Price Per Sq Ft Total AG 215.94

Public Remarks Just 8 minutes from downtown Traverse City this exceptional 40-acre property offers endless potential. With 8 homes totaling over 16 000 square feet and 4 large barns

Exterior

Exterior Frame Vinyl Siding

Lot Size Area 40.76

Lot Dimensions IRREGULAR SEE DOCUMENTS

Roads Private Road

Interior

Fuel Type LP/Propane Gas Wood

* Excluded Features

List By

Matthew Dakoske

Listing Agent

Remax Bayshore - Union St Tc

Broker

matt@teamdakoske.com

Affordability Calculator

$21,550

Per Month

Monthly Principal & Interest: $21,550
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$824,853

Percent of Sale Price 76%

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
4/27/2026	$3,500,000		Listed Price

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55 S Hope Ridge, Traverse City, MI, 49696 is a Commercial Property for sale at $3,500,000 with 16,208 sqft and a lot size of 40.76. 55 S Hope Ridge was built in 1989. The property's zip code is 49696 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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55 S Hope Ridge

Commercial Property for sale in Traverse City, MI

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