The median home value in Traverse City, MI is $398,000.
This is
higher than
the county median home value of $160,000.
The national median home value is $308,980.
The average price of homes sold in Traverse City, MI is $398,000.
Approximately 55% of Traverse City homes are owned,
compared to 36% rented, while
10% are vacant.
Traverse City real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Traverse City real estate agent to arrange a tour today!
Learn more about Traverse City.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 20,000sf two story retail/office building.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 30,000sf office building plus a basement level parking garage.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 30,000sf office building plus a basement level parking garage.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 20,000sf two story retail/office building.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 30,000sf office building plus a basement level parking garage.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 18,000sf retail/office building plus a basement level parking garage.
Take advantage of this opportunity to build in Copper Ridge Professional Center. Copper Ridge offers convenience to the downtown business corridor and Munson Hospital without the chaos of being downtown with generous parking lots and gorgeous views. This pad is approved for a 30,000sf office building plus a basement level parking garage.
Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.
Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.
Note: This listing is for the business only, it does not include real estate. Established local gym franchise ANYTIME FITNESS is looking for a new owner! The only sweat being shed here is by the nearly 1k members pumping iron at this newly remodeled fitness hub. The business model, startup risk, training, and updating has all been done for you. Now, all you have to do is enjoy passive ownership (and maybe an occasional jaunt on the treadmill). This franchise location is: - Located and under lease in the East Bay Plaza (near Dunham's, Tom's, and Dollar Tree) along Traverse City's highly traveled US 31 corridor. - Fully compliant and updated according to all current franchise requirements. - Fresh, clean, and busy. Opened in 2013 and recently remodeled, it's comes with a loyal customer base and just under 1,000 members. - Teeming with potential for revenue growth through personal training services. __________________________________________________ INVESTMENT DISCLAIMER The information provided in this listing is for general informational purposes only and is subject to change. Prospective buyers are advised to conduct their own due diligence before making any investment decisions. The seller and listing agent make no representations or warranties regarding the accuracy or completeness of the information provided. All offers are subject to seller acceptance and formal agreement.
DOWN TO THE STUDS! This beautiful modern farmhouse with large pole barn has been completely remodeled up and down inside and out! Located just a few miles past Interlochen corners and a short drive to Traverse City this 3 Bedroom 3 bathroom home sits upon3+acres and has 1,950 Sqft of living space.Property is zoned commercial/non conforming residential and it has a ton of potential!Updates include all new electrical, plumbing, heating, lighting, roof, windows, insulation, siding and so much more! Upstairs master suite has a private bathroom and the other two bedrooms and bathrooms are on the main level, one could potentially be a main floor suite.Kitchen boasts all new appliances, island with power and storage and a gorgeous backsplash with floating shelves. Spacious living areas with over 8ft ceilings throughout home and an attached 20x30 2+ car garage that has been freshly painted. High speed internet available! Enjoy the sun from the three season room, the deck with new pergola or get some shade on the covered back patio wired for a hot tub and overlooking countryside views. 30X64 pole building was recently finished with drywall and fresh coat of paint and shares a well and electric with the house but has its own brand new septic system and has a gas line.
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.
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.
Boasting a spacious layout and adaptable design, this nearly 10,000 sq ft commercial building is suited for a diverse range of ventures including retail outlets, professional services, wholesale operations, and more. Located near Chum's Corners, just north of Rennie School, this property sits in a high traffic area with excellent visibility and offers lots of parking. With ample space for customization, the possibilities are limitless!
A versatile location with an eye on the future and West Bay! This 2,538 sq ft building with a 20 space parking lot offers new ownership an almost endless list of possibilities! The current office use is updated and well kept, featuring 2 conference rooms, ADA accessible half bathroom, kitchenette, and sizable reception/waiting area. Additionally there are 7 offices with 3 offering beautiful water views. The substantial basement provides excellent additional storage. Future options abound at this location! The building has 2 addresses/frontages leaving options open to reconfigure into multiple ventures! Furthermore, current zoning permits up to 4 stories. Imagine year round unobstructed views of West Bay! No matter your calling; this TC treasure is worth a look! The website www.traversecitymi.gov/government/city-departments/planning-and-zoning/ provides Traverse City zoning information. Shown by appointment only. Real estate only for sale; please do not approach business/employees occupying location about this listing.
A versatile location with an eye on the future and West Bay! This 2,538 sq ft building with a 20 space parking lot offers new ownership an almost endless list of possibilities! The current office use is updated and well kept, featuring 2 conference rooms, ADA accessible half bathroom, kitchenette, and sizable reception/waiting area. Additionally there are 7 offices with 3 offering beautiful water views. The substantial basement provides excellent additional storage. Future options abound at this location! The building has 2 addresses/frontages leaving options open to reconfigure into multiple ventures! Furthermore, current zoning permits up to 4 stories. Imagine year round unobstructed views of West Bay! No matter your calling; this TC treasure is worth a look! The website www.traversecitymi.gov/government/city-departments/planning-and-zoning/ provides Traverse City zoning information. Shown by appointment only. Real estate only for sale; please do not approach business/employees occupying location about this listing.
Introducing M-37 Round About Barns, a truly unique ownership opportunity. These are Borkholder Craftsman, Custom Truss Commercial Buildings Size: 40' wide X 50' long X 16' 4" tall Sidewalls: 4ply 2x6 spaced 8' o.c. Endwell Posts: Approximately 8' o.c. Trusses: 4 o.c. 4/12 60 GS w/ ceiling load. Includes the following: Typar or similar Guard Wrap House Wrap & 4 mil Clear polyethylene vapor barrier, w additional 2-inch foam on perimeter. Kynar 500 Paint Upgrade with Exterior Premiere Steel Siding, 29G Ultra Rib Max with Wanes Coating. Interior walls covered with white finished steel, attic access and Full Broadcast Epoxy Floors. Twin 12x14 High Quality, 2-inch thick R16.4 Flat Panel Insulated Door with electric garage door opener. 1 Commercial front access door with keypad access and Lockguard Security Protection. Real Stone on the front of the Luxury Barns. Garage Door Bollards (cement filled and painted poles to prevent dings and guide). Concrete slab floor, with pressure crack relief cuts and a full 4-foot owners aprons. Fully Insulation Construction: Walls R-19, Ceiling R-50. 200-amp electrical service with full build out electric package and ceiling fans. Owner managed utility meters, gas and electric. Fully constructed for heat with 120,000 BTU Natural Gas hanging unit, exhaust and thermostat installed. Heat upgrades or complete allowance deduction available before construction or pre-built. This has a straight shot of 400-foot asphalt right into TWIN 14-foot-tall doors, perfect for the largest toys or assets. This has a straight shot of 400-foot asphalt right into TWIN 14-foot-tall doors, perfect for the largest toys or assets.
Introducing M-37 Round About Barns, a truly unique ownership opportunity. These are Borkholder Craftsman, Custom Truss Commercial Buildings Size: 40' wide X 50' long X 16' 4" tall Sidewalls: 4ply 2x6 spaced 8' o.c. Endwell Posts: Approximately 8' o.c. Trusses: 4 o.c. 4/12 60 GS w/ ceiling load. Includes the following: Typar or similar Guard Wrap House Wrap & 4 mil Clear polyethylene vapor barrier, w additional 2-inch foam on perimeter. Kynar 500 Paint Upgrade with Exterior Premiere Steel Siding, 29G Ultra Rib Max with Wanes Coating. Interior walls covered with white finished steel, attic access and Full Broadcast Epoxy Floors. Twin 12x14 High Quality, 2-inch thick R16.4 Flat Panel Insulated Door with electric garage door opener. 1 Commercial front access door with keypad access and Lockguard Security Protection. Real Stone on the front of the Luxury Barns. Garage Door Bollards (cement filled and painted poles to prevent dings and guide). Concrete slab floor, with pressure crack relief cuts and a full 4-foot owners aprons. Fully Insulation Construction: Walls R-19, Ceiling R-50. 200-amp electrical service with full build out electric package and ceiling fans. Owner managed utility meters, gas and electric. Fully constructed for heat with 120,000 BTU Natural Gas hanging unit, exhaust and thermostat installed. Heat upgrades or complete allowance deduction available before construction or pre-built. This has a straight shot of 400-foot asphalt right into TWIN 14-foot-tall doors, perfect for the largest toys or assets. This has a straight shot of 400-foot asphalt right into TWIN 14-foot-tall doors, perfect for the largest toys or assets.
Incredible visibility for this site with over 700' on US-31 and unobstructed views of East Grand Traverse Bay. The site is 3.69 acres, has high traffic counts, and the Traverse Area Recreational Trail (TART) borders the entire back of the property for easy biking downtown. Existing businesses will move so the entire site can be redeveloped. Great opportunity for multi-family, hotel, restaurant, retail, office and more. Currently there are 3 buildings on the property with a combined square footage of 22,520. There are 4 driveways, plenty of parking and an outdoor playground. The existing buildings could be used as is, split into multiple businesses, added onto, or removed. Zoned Commercial Corridor allowing for mixed use development.
If you've dreamed of owning a downtown bar/restaurant, look no further! The Thirsty Fish Sports Grille remains open for business leading into another busy summer in 2024, and is now offering a new owner the opportunity to take the wheel and steer this local favorite into the future! Featuring a covered outdoor bar, complete with a stage (live music allowed) and outdoor bar/table seating, as well as an indoor dining room/bar with TVs/jukebox/Keno, and a commercial kitchen. Listing includes the business, liquor & food licenses, furniture/fixtures/equipment, and assumption of the existing lease. (*Business for sale only, does not include real estate.)
If you've dreamed of owning a downtown bar/restaurant, look no further! The Thirsty Fish Sports Grille remains open for business leading into another busy summer in 2024, and is now offering a new owner the opportunity to take the wheel and steer this local favorite into the future! Featuring a covered outdoor bar, complete with a stage (live music allowed) and outdoor bar/table seating, as well as an indoor dining room/bar with TVs/jukebox/Keno, and a commercial kitchen. Listing includes the business, liquor & food licenses, furniture/fixtures/equipment, and assumption of the existing lease. (*Business for sale only, does not include real estate.)
Fantastic opportunity! All the benefits of the city with nature are just a step away! This vacant parcel holds many possibilities! It provides high exposure with a sanctuary of beauty! MDot (Michigan Department of Transportation) traffic count is considered a high-traffic count corridor on this corner lot. It has an established ingress/egress off both Three Mile Road and South Airport. Both are public-maintained blacktop roads. This land is serviced by municipal water/sewer and natural gas. This level 2.5-acre lot is flanked to the south by Mitchell Creek, which is the third largest single tributary watershed to Grand Traverse Bay. It drains through approximately 16 square miles of land. The tributary originates adjacent to the Boardman River and is joined by numerous other small tributaries as it flows through East Bay and Garfield Townships and into East Grand Traverse Bay. The mouth of Mitchell Creek meets the beach area of Traverse City State Park. The creek flows through a mix of conifers and hardwoods, agricultural lands/open fields, lowland scrub, and finally, a moderately developed residential area before entering East Bay. Mitchell Creek Nature Preserve, just south on a 3-mile road, is a 128-acre tract of preserved land. It is essential for the health of the surrounding area because it helps filter out excess nutrients. It also assists in reducing seasonal flooding and water pollution. Finally, it provides an excellent habitat for many native species of birds, reptiles, fish, and plants. It is a popular local fishing venue that receives Steelhead migrations in the spring and Coho and Chinook Salmon migrations in the fall. Mitchell Creek generally has a sand and silt bottom, with some gravel areas. This secret gem is sure to catch your eye with its superb location and the oasis of nature that it provides... This parcel holds it all!
Amazing development and/or revitalization opportunity in central Traverse City! This high-visibility 1.58-acre property combines flexible zoning and 300' of frontage on the Boardman River for endless opportunities. Recreational uses surround this iconic property, including public access to the TART Trail and its new Boardman Lake Loop, the Boardman Lake Kayak Launch, with the backdrop of Medalie Park to the north and east and the Boardman River to the west. Currently, the property's various suites include former restaurants and active retail/office uses, with plenty of parking and some green space along the river. Zoning (Garfield Twp's C-G zoning) allows a wide variety of uses. Bring your ideas to this unique property and create a new Traverse City icon!
Amazing development and/or revitalization opportunity in central Traverse City! This high-visibility 1.58-acre property combines flexible zoning and 300' of frontage on the Boardman River for endless opportunities. Recreational uses surround this iconic property, including public access to the TART Trail and its new Boardman Lake Loop, the Boardman Lake Kayak Launch, with the backdrop of Medalie Park to the north and east and the Boardman River to the west. Currently, the property's various suites include former restaurants and active retail/office uses, with plenty of parking and some green space along the river. Zoning (Garfield Twp's C-G zoning) allows a wide variety of uses. Bring your ideas to this unique property and create a new Traverse City icon!
Incredible unobstructed views of Grand Traverse Bay from this prime development site on high traffic commercial cooridor with great visibility. Currently there is a 15,682 SF building on the property with 2 driveways and plenty of parking. The site is 1.5 acres. The TART trail runs along the back of the property and there is a large outdoor play structure on the property. This is a great redevelopment opportunity for retail, hospitality, restaurant, office, multi-family and more. The existing building could be used as is, split into multiple businesses, added onto, or removed. Land is zoned Commercial Corridor allowing for mixed use development. Size of existing building taken from tax record and to be confirmed by buyer.