MLS# 1921276 |
Request more Information about this listing from: | 531 W Front Street Traverse City, Michigan Price: $1,825,000 Deeded Waterfront: No Lot Size: 50x163 Township: Traverse City County: Grand Traverse | Type: Vacant Lot/Land | ||
Remarks: 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. | ||||
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NGLR MLS idx site design by Carrie's Creations Inc. Property listed by: The Mitten Real Estate Group 231-421-1970 |