1054-1060 E Front Street Traverse City, MI ^$ 2,850,000

1054-1060 E Front Street

^$ 2,850,000

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1054-1060 E Front Street

Traverse City, MI, 49686

^$ 2,850,000

Studio Baths0.0

Monthly Estimate*

^$ 18,942

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Studio

Lots and Land for sale in Traverse City, MI

for $2,850,000. The lot size is 1.24.

In Commercial Real Estate, it's all about location, location, location. There are only a few true marquee corners in a real estate market, and this is one of them. This 1.2 Acre property is located at the SW corner of E Front Street (US-31) and Garfield Road intersection. These two roads are both main feeder's that converge and funnel approx. 50,000 cars per day into Traverse City from the East and the South. Zoned C-3 Community Center District, this property has a multitude of allowable uses with a max building height of 45' and an 80% Impervious Surface maximum. Just a few minute walk or quick bike ride to West Grand Traverse Bay or Downtown Traverse City.

Lots and Land Active

Price

^$ 2,850,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Vacant Land

Lot Size

1.24

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1334740

Features

General

Possession At Close

Water Public Water

Status Active Active

Subdivision none

County Grand Traverse

Class VACANT LAND

Type Vacant Land

Percent Ownership Private

Municipality Traverse City

Section 31

Zoning Multi-Family Professional Office Commercial

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

Area Traverse City (28021)

Location Corner Lot

Directions Southwest corner of the intersection of Garfield Ave and Front St.

City Traverse City

School District Traverse City Area Public School

Street Name Front

Financial Terms Cash Conventional

Legal Description 1054-LOTS 2-3-4-5 EDNA PARK ADD 1060-lengthy see documents

DOM 649

Price Per Sq Ft Total 2298387.1

Coming Soon In Commercial Real Estate it's all about location location location. There are only a few true marquee corners in a real estate market

Exterior

Lot Size Area 1.24

Lot Dimensions 330x165

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Kevin Endres

Listing Agent

Three West, Llc

Broker

kendres@threewest.com

Affordability Calculator

$18,942

Per Month

Monthly Principal & Interest: $18,942
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 6.99% 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

Lots and land listings in Traverse City, MI

Average List Price ^$361,632

Percent of Sale Price 87%

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
2/6/2024	$2,850,000	-9.52%	Price Down
5/9/2023	$3,150,000	-8.70%	Price Down
12/11/2022	$3,450,000		Listed Price

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1054-1060 E Front Street, Traverse City, MI, 49686 is a Lots and Land for sale at $2,850,000 with a lot size of 1.24. 1054-1060 E Front Street is a studio with 0.0 baths. 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 6.99% 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.

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1054-1060 E Front Street

Lots and Land for sale in Traverse City, MI

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