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1054-1060 E Front Street Traverse City MI 49686
$3,150,000
Status: Active

Description

In Commercial Real Estate, it's all about location, location, location. There are only a few true marquee corners in a real estate market, and this is one of them. This 1.2 Acre property is located at the SW corner of E Front Street (US-31) and Garfield Road intersection. These two roads are both main feeder's that converge and funnel approx. 50, 000 cars per day into Traverse City from the East and the South. Zoned C-3 Community Center District, this property has a multitude of allowable uses with a max building height of 45' and an 80% Impervious Surface maximum. Just a few minute walk or quick bike ride to West Grand Traverse Bay or Downtown Traverse City.

Directions

Southwest corner of the intersection of Garfield Ave and Front St.

Disclaimer

Copyright © 2023 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

Three West, Llc. 1131 E. Eighth Street Traverse City, MI 49686

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

 

Contact Blake Bernard today!

231.714.4787