$1,825,000 |
| MLS 1921277 | |
531 W Front Street Traverse City, MI 49684 | |||
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This is a fantastic redevelopment opportunity directly on Front Street, where the value lies in the land. It comes with engineered plans for a cutting-edge project featuring twelve luxury condos, each about 1,400 square feet. Three out of twelve units are eligible for STR. There's also 3,000 square feet of flexible commercial space on the ground floor that could be used for retail or common space for condominium owners: gym, shared workspace, lounge, etc., and a huge rooftop lounge perfect for relaxing. We've crunched the numbers and see a potential sellout value of $15 million. You'll need to wrap up some additional engineering before breaking ground. Do your own due diligence to determine your comfort level with the project. | |||
Price $1,825,000 | County: Grand Traverse | Zoning: Commercial,Special Use | |
Area: Grand Traverse | Waterfront Feet: 0 | Sewer: Municipal | |
Lake/River: | Lot Size: 50x163 | Heat: None | |
Township: Traverse City | Water: Municipal Water | Acres: 0.19 | |
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For more information contact: Sterling Properties 989.362.4585 | |||
Copyright © 2024 Northern Great Lakes Realtor MLS (NGLR) Listing provided by NGLR Association of Realtors, database last updated Thursday May 02, 2024 | |||
Direct Link: https://cmiaridx.com/RETS/idx/sterling/commercial/index.php?view=1921277 |