4160 M 72 Williamsburg, MI 49690

$5,600,000
4160 M 72, Williamsburg, MI 49690
1849583

Commercial Property for sale in Williamsburg, MI

for $5,600,000. This building was built in 2019.

Property Information

  • $5,600,000
  • Commercial
  • Mixed Use
  • Active
  • Built in 2019
  • Williamsburg, MI
  • Grand Traverse County
  • MLS/Web ID is 1849583

Description

KOTI - A Propose Site Condominium and Vacation Rental Resort! Acme Township has approved this 18 acre PUD development for commercial use and residential (mix use). This investment property has the potential ROI of 60%. Due to the high demand of vacation rentals and developers ownership of the rental company, the annual projected net income is $300, 000 to $500, 000 annually based on a 40 - 50 % occupancy. Conveniently located across from the Grand Traverse Resort, which has three top quality golf courses, within 1/4 of a mile to the new Grand Traverse Bay waterfront park, the ever popular Horses By The Bay Equestrian Event Center and the Traverse Area Trails to Rails system allowing you to get to Traverse City up to Sutton's Bay. A development prospectus is available upon request. At present, engineering, construction drawings and permitting are underway with groundbreaking scheduled for Spring of 2019. The photos are architectural renderings only.

Interior 4

Cooling System

  • Central Air

Heating Source

  • Natural Gas

Sewer

  • Municipal

Water Source

  • Municipal

Exterior 6

Construction

  • Frame
  • To Be Built

Parking

  • Paved

Road Frontage

  • Blacktop
  • Private Maintained Road
  • Private Road

Roof

  • Metal

Siding

  • Wood Exterior

Zoning

  • Commercial
  • Residential
  • Retail

Miscellaneous 1

Location

  • Freestanding

† Excluded Feature

Neighborhood & Schools

Community: KOTI

 See complete school information

Listed By

Broker: REO-TC/RANDOLPH
Phone: (231) 218-6667

4160 M 72 , Williamsburg, MI, 49690 is a Commercial Property for sale at $5,600,000. 4160 M 72 was built in 2019. The property's zip code is 49690 which is in Williamsburg, MI

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Market Pricing

Average % of sale price Median % of sale price
All listings in Williamsburg $513,666 91 % below $325,000 94 % below
Commerical listings in Williamsburg $972,053 83 % below $685,000 88 % below

Get the facts about Williamsburg, MI!

Population 6,641
Population Growth (since 2000) 6 %
Median Income $68,958
Median Age 49.01
Households w/ Children 25 %

Residential Dwellings

  • Owned 2250
  • Vacant 969
  • Rented 474

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