124 W Front $3,750,000

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    124 W Front Traverse City, MI 49684

    • 1.25 Acres
    • Vacant Lot/Land
    MLS# 1858397 | Active
    Days On Market: 146 1 Views
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    Property Details

    This is one of the largest development sites remaining in downtown Traverse City, one of the countries most beautiful places. Develop your project up to 60' in height to take advantage of some of the best views of West Grand Traverse Bay that Traverse City has to offer. This property is located across the street of the parcel that will be home to the West End Parking Deck set to break ground in 2020. Developers can take advantage of a list of brownfield incentives as well as a $250,000 incentive from the Traverse City DDA for incorporating underground parking into the project. The property also boasts nearly 300' of frontage on the Boardman River which would allow for a nice boardwalk development river side for cafes, restaurants and other boutique retail. The west property boundary is home to the new pedestrian bridge across the river connecting this piece to the newly re-developed warehouse district, home to shopping, a brewery, restaurants and coffee house.

    • General Features
      • Manufactured Allowed No
      • Mineral Rights Unknown
      • Private Shared Private
      • Township Traverse City
      • Town T 27N
      • Type of Ownership Private Owner
      • Type Vacant Lot/Land
    • Building Features
      • Commercial Y N Yes
    • Property Features
      • Land Features Cleared
      • Lot Dimensions 453 X 112
      • Exterior Features Development Property
      • Development Amenities None
      • Utilities Available Electric, Cable Internet
      • Road Public Maintained
      • Water Installed None
      • Water Features River
      • Water Available Municipal Water
      • Number of Acres 1.25
      • Waste Available Municipal
      • Waste Installed None
      • Water Front Footage 303
      • Body of Water Boardman River
    • Schools
      • School District Traverse City Area Public School

    Contact

    Angela Mia DiLorenzo

    Broker / Realtor

    Traverse City

    Direct: 231-632-5105

    Neighborhood

    49684 (Traverse City) Demographics

    42Median Age
    393Population Density (per sq. mile)
    45%College Educated
    $53,143 Estimated Median Income
    11,866Estimated Total Home Owners
    4,086Estimated Total Renters
    74% / 26%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    39,614Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $280,000 Median Sales Price
    47 Homes Sold
    77 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,750,000
        3/28/2019 4:31:11 AM Status Changed Source New Value: Active
        3/25/2019 11:31:00 AM New in Database Source

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        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.