531 W Front Street
531 W Front Street
531 W Front Street
531 W Front Street
531 W Front Street
531 W Front Street
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531 W Front Street
531 W Front Street
531 W Front Street
531 W Front Street
531 W Front Street
531 W Front Street
For Sale

531 W Front Street

531 W Front Street, Traverse City, MI 49684

$1,825,000
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.

8,276.4 Sq.Ft. lot

Abigail Vannatter

Abigail Vannatter

Sam Flamont

Sam Flamont

Features & Amenities

Area & Lot

  • Status For Sale
  • Lot Area8,276.4 Sq.Ft.
  • MLS® ID1921276
  • TypeResidential
  • Water Frontage['None']
  • School DistrictTraverse City Area Public Schools

Exterior

  • water SourceMunicipal Water
  • utilitiesElectric
  • lot featuresOther
  • other exterior FeaturesNone

Financial

  • Sales Price$1,825,000
  • Zoning Commercial
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 531 W Front Street, Traverse City, MI 49684. We are reviewing your request and will be in touch shortly!

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