MLS Public 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.

http://www.www.jjrealtors.com.com/1921276

AGENT/COMPANY DETAILS  

LOCATION  

Township  Traverse City

Directions  W Front St East of Division. Inbetween Nail Bar and Scarbrough Eyecare.

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  0

Unfinished SqFt  0

Above Grade Finished SqFt  0

Lower Level Square Footage  0

CDOM  25

Year Built  0

Days on Market  25

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Acreage  0.19

Taxes  -

Tax Year  -

Summer Taxes  -

School District  Traverse City

Winter Taxes  -

LOT DESCRIPTION  

Lower Level Square Footage  0

Waterview  N

Waterfront  N

For Lease/Rent  N

Waterfront Desc  None

Est. Total Acres  0.19

Lot Dimensions  50x163

WaterFrontage   0

INTERIOR FEATURES  

Water  Municipal Water

EXTERIOR FEATURES  

Garage  0.0

Sewer  Municipal

Zoning  Commercial

Exterior Features  None

Lot Description  Other

Terms/Misc.  1031 Exchange, Cash, New Construction, Other

Possession  At Closing

DETAILS  

Status Change Date  04/21/2024

Listing Date  04/18/2024

Internet/IDX  Y

Co-Listing Agent Name  Sam Flamont

LISTING OFFICE DETAILS  

Listing Office   The Mitten Real Estate Group

Office Address   310 W. Front Street, Ste. 411

Listing Number   1921276

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Saturday, May 18, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
IDX information is provided exclusively for 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.