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124 W Front Street Traverse City, MI 49684
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Key Details
Sold Price $3,450,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 80012855
Sold Date 01/23/23
Lot Size 1.250 Acres
Acres 1.25
Lot Dimensions 453x112
Property Description
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. 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 coffeehouse.
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Professional Office,Commercial
Interior
Heating None
Cooling None
Others
Ownership Private
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Commercial Loan,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Three West, LLC