This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
Property Details
Property Features
Property Information:
Architectural Style: Apartment
Year Built: 2023
Listing Office:
Office Name: REO-TCRandolph-233022
Office Phone: (231) 946-4040
Listing Agent: Blake Bernard
Interior Features
Interior Information:
Basement: No
Lot Features
Lot Information:
Lot Size: 8.04 Acres
Utilities
Utilities Information:
Heating: Electric, Floor Furnace
Price Information
Listing Price Info
Price Summary:
List Price: $2,520,000
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Housing Market Comparison
See how this home compares to others in Traverse City, MI.
This property is $2.0M more than the Median Sold Price in Traverse City, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Aspire North REALTORS
MLS Number: #78080013307
Listing Office:
Office Name: REO-TCRandolph-233022
Office Phone: (231) 946-4040
Listing Agent: Blake Bernard
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
6
/10
Kingsley Area Elementary School
311 Clark St
Distance between this listing and this school4.10 miles
Public District Grades PK-4
6
/10
Courtade Elementary School
1111 Rasho Rd
Distance between this listing and this school4.35 miles
Public District Grades PK-5
4
/10
Cherry Knoll Elementary School
1800 3 Mile Rd N
Distance between this listing and this school5.39 miles
Public District Grades PK-5
Nearby Schools
7
/10
Kingsley Area Middle School
403 Blair St
Distance between this listing and this school4.00 miles
Public District Grades 5-8
6
/10
Traverse City East Middle School
1776 3 Mile Rd N
Distance between this listing and this school5.24 miles
Public District Grades 6-8
8
/10
Woodland School
7224 Supply Rd
Distance between this listing and this school5.66 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Kingsley Area High School
7475 Kingsley Rd
Distance between this listing and this school4.19 miles
Public District Grades 9-12
8
/10
Grand Traverse Academy
1245 Hammond Rd E
Distance between this listing and this school5.68 miles
Public Charter Grades PK-12
2
/10
Traverse City High School
3962 3 Mile Rd N
Distance between this listing and this school7.43 miles
The neighbors living near this home have an average income of $51,298. The majority of Traverse City, MI residents have income between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
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This home is located at 0000 N Garfield Woods in Traverse City, MI and zip code 49686. This home, which was built in 2023, sits on a 8.04 acre lot. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $2,520,000.
Traverse City, MI housing market in November 2024 saw over 8 listings sold above listed price, more than 20 sold at listed price and over 54 sold below. The inventory of homes for sale in Traverse City, MI between October 2024 and November 2024 decreased by 8.3%. The median list price of listings available in November 2024 was $450,000, while the average time on the real estate market was 84 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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