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Kathy Wilson
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(586) 840-0400
Direct Office:
(248) 646-6203
kwteam@
hwwbrealtors.com
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FOR SALE
$1,825,000
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531 W Front Street
Traverse City, MI 49684

Business Opportunities
Residence
1,592
Sqft
0.19
Lot Size
Courtesy: Abigail Vannatter - The Mitten Real Estate Group231-421-1970; 

Description for 531 W Front Street Traverse City, MI 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

80016632
Business Opportunities, Other
Grand Traverse
2024
0.19 Acres
Public Water
Public Sanitary
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Courtesy: Abigail Vannatter - The Mitten Real Estate Group231-421-1970; 
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSourceby its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
This content last refreshed on 5/12/2024 10:00 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Member of: Berkshire Hathaway HomeServices Kee Realty, (586) 840-0400
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Kathy Wilson

880 S. Old Woodward Avenue, Birmingham, MI 48009 | Phone: (248) 646-6203 | Email: kwteam@hwwbrealtors.com

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