1024 - 1040 E Front Street | Traverse City, MI 49686

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Description

Amazing redevelopment opportunity on E. Front Street in Traverse City! Join the recent commercial and residential redevelopments in this busy corridor, home to hotels, short-term rentals, shopping centers, quick-serve restaurants, offices, and more. This listing features 200’ of frontage on 0.76 acres (across 4 parcels), and sits right in the heart of Traverse City, with Grand Traverse Bay just two blocks to the north, downtown just a few blocks to the west, and NMC a few blocks to the east. Current zoning is Hotel-Resort, which allows multiple commercial uses in addition to short-term rentals (other zoning exists in the immediate area). Two buildings currently occupy the property, one being used as an office and the other as a short-term rental. (Please do not disturb building occupants.) A rare opportunity to redevelop on Front Street!

Directions

South side of East Front St., just west of intersection with Garfield Ave.

Disclaimer

Copyright © 2022 Northern Great Lakes Realtors (NGLR) Listing provided by Northern Great Lakes Realtors (NGLR). The information in this listing was gathered from third-party sources including the seller. Home Waters LLC its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Property Listed By

Exit Realty Paramount. 515 W. Fourteenth Street Suite D Traverse City, MI 49684-2589

No sold comparables found

About Oak Park

Oak Park Neighborhood Info

The Oak Park Neighborhood of Traverse City Downtown is a more densely populated area with great proximity to downtown and Front Street without all of the traffic.  Oak Park also has easy access to Grand Traverse Bay, Old Mission Peninsula, and East Bay.  

With Garfield Road as a border to the East, heading north on Garfield up Old Mission Peninsula is very easy, or heading South on Garfield can take you all the way to US 131!  In addition, living in the Oak Park Neighborhood would allow very easy access to the Traverse City Civic Center, which has an indoor ice arena, indoor pool, numerous playgrounds, skate park, basketball courts, and more!  This 45 acre facility attracts over one million visitors per year!  

This neighborhood would also make the walk to school either at Traverse City Central High School or Northwestern Michigan College a quick one.  The other neighborhood borders include 8th Street on the South line, Railroad Avenue on the West, and Front Street on the Northern border.  

F&M Park is a small community park along Railroad Avenue, and this beautiful greenspace is a popular place.  A short walk can get you to Potter's Bakery on 8th Street to enjoy the unbelievable pastries, and they've been doing it since 1929!  

Stats for Oak Park

Year Units Sold Sales Volume Avg. Price High Sale Low Sale
2015 21 $6,356,775 $302,703 $800,000 $127,000
2016 19 $5,589,203 $294,168 $525,000 $137,200
2017 27 $9,077,600 $336,207 $775,000 $163,900
2018 19 $5,423,424 $285,443 $495,000 $141,000
2019 36 $11,904,600 $330,683 $1,195,000 $130,000