- For Sale $850,000
- Property Type VacantLand
- Lot Size 1.93 Acre
- Date Updated Apr 13, 2026
Description
1.93-acre development parcel with roads and utilities in place, offering water view lots near Munson Hospital, downtown Traverse City, and GT Mall.Great location for residential housing and already approved for 19 units as a P.U.D. Phase 1 & 2 of this development were completed in 2017 and the last condominium unit was sold in 2024. Phase 3 is the remaining 1.9 acres and it is ready to go for the next developer. Roads have been installed and access to sewer, water, cherryland electric and DTE gas are run to the property. Approved for 9 duplex units and 1 single family home. Great views of town from the top of the hill and 5 minutes to Munson hospital, downtown, Meijer, shopping and GT Mall.
Highlights
- 5 minutes to Munson hospital, downtown, and shopping
- Approved for 9 duplex units and 1 single-family home
- Great views of the town from the property
- Ideal for multifamily residential investment
- Infrastructure in place: roads, sewer, water, electric, gas
- Located in the Traverse City area
- Phase 3 development ready for next developer
- Zoned PUD for residential development
False
Contacts
Dan Stiebel
Schmidt Realtors
Location
Contact Listing Broker
Dan Stiebel
Schmidt Realtors