FOR SALE
$1,825,000
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531 W Front Street
Traverse City, MI 49684

Land
Land Lot
0.19
Acre Lot
Courtesy: Abigail Vannatter - The Mitten Real Estate Group231-421-1970; 

Description for 531 W Front Street Traverse City, MI 49684

Agent Websites> Michigan> Traverse City> 49684
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.

Property Details

80016631
Land, Other
Grand Traverse
0.19 Acres
Public Water
Public Sanitary
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Courtesy: Abigail Vannatter - The Mitten Real Estate Group231-421-1970; 
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This content last refreshed on 5/13/2024 9:43 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.