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642 & 646 E Eighth Street Traverse City MI 49686
$665,000
Status: Sold Co-op Member

Description

Prime development opportunity on two lots on a highly desirable stretch of Traverse City's NoBo district. D2 zoning allows for a multitude of commercial and residential uses, including multifamily housing, inns, offices and storefronts. The lots are walkable to Boardman Lake access at Hull Park, the TART/Boardman Lake Loop, F&M Park, the Filling Station, Raduno, and much, much more - this location is excellent! The lots currently have two occupied rental units on the premises - cover carrying costs while planning for your ideal development!

Directions

Parcels are on the south side of Eighth Street just east of the intersection at Eighth and Division.

Disclaimer

Copyright © 2024 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

Century 21 Northland. 241 E State Street Traverse City, MI 49684

Property Sold By

Alex MacKenzie, Coldwell Banker Schmidt-522. 522 E Front Street Traverse City, MI 49686

About Boardman

Boardman Neighborhood Info

The Boardman neighborhood sits between State Street on the north edge, and Boardman Lake to the south.  This neighborhood, including homes along Boardman Avenue and Washington Street, preserves some of Traverse City’s oldest and most ornate homes, many in the fanciful Queen Anne style.  The Boardman neighborhood is a primarily residential historic district, with approximately 174 structures, the majority of them well-maintained Victorian wood-frame residences covered with clapboard siding. Structures range from lavish houses built for some of the city's most prominent late 19th-century residents to more modest homes originally owned by small businessmen and lumber company employees.

The Boardman area of Traverse City has the TART trail running through the southern edge of this neighborhood, public boat launch access to Boardman Lake, Traverse Area Community Sailing with programs for kids and teens, and some great neighborhood restaurants, cafés, and more.  Find a great microbrewery experience with Filling Station, located in a former railroad depot built in 1927 along the shores of Boardman Lake.  The building has a storied history, and a gorgeous view to enjoy great beers, fresh salads, and housemade wood-fired pizzas.  See more about the history of the railroad industry in Traverse City and "Ales by the Rails" at the Filling Station building here.

The Eighth Street corridor is set to undergo a major streetscape project during the summer of 2019 to enhance the village-within-the-city feel and foster better walk- and bikeability. Learn more here.

Year Units Sold Total Volume Average Sale High Sale Low Sale
2017 17 $6,770,500 $398,265 $770,000 $170,000
2018 16 $5,750,850 $359,428 $930,000 $60,000
2019 23 $6,359,750 $276,511 $766,250 $159,900

 

Agent Photo

Contact Mandy Brown today!

(231) 499-8425