2 years on rocket

1054-1060 E Front St, Traverse City, MI, 49686

$2,850,000

1.24 Acres
Land

Location

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Property Highlights

WaterfrontNone
MLS #1904210
Lot Size1.24 Acres
StatusActive

About 1054-1060 E Front St

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.

Property Details

Property Features

Listing Office:

  • Office Name: Three West, LLC
  • Office Phone: (231) 929-2955
  • Listing Agent: Kevin Endres

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Development Property

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 1.24 Acres

Other

Directions Information:

  • Directions: Southwest corner of the intersection of Garfield Ave and Front St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,850,000
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Housing Market Comparison

See how this home compares to others in Traverse City, MI.

Med. Sold Price

$446.7K

Med. Price/SqFt

$255

Avg. Days On Market

73

# of Sold Homes

88

1054-1060 E Front St vs Traverse City

815 DAYS ON ROCKET

+742 Days

$2,850,000

+$2.4M More

KEY TAKEAWAY

This property is $2.4M 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: TAAR
  • MLS Number: #1904210

Listing Office:

  • Office Name: Three West, LLC
  • Office Phone: (231) 929-2955
  • Listing Agent: Kevin Endres

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$14.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,611

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NMLS#3030

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.

Nearby Schools

school-card-donut-558643
7
/10
  • Central Grade Elementary School

  • 301 7th St

  • 0.68 miles

  • Public District Grades PK-5

school-card-donut-558644
3
/10
  • Traverse Heights Elementary School

  • 933 Rose St

  • 1.17 miles

  • Public District Grades PK-5

school-card-donut-558645
4
/10
  • Eastern Elementary School

  • 1600 Eastern Ave

  • 1.47 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,652. Most Traverse City, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1054-1060 E Front St

What is the listing price of this property?

The listing price of 1054-1060 E Front St property is $2,850,000.

What type of property is this?

The property 1054-1060 E Front St is land located in Traverse City, Michigan, 49686.

Is this property for sale now?

Active Listing: 1054-1060 E Front St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1054-1060 E Front St is 1.24 acres.
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Rocket HomesMichiganGrand Traverse CountyTraverse City496861054-1060 E Front St

This home is located at 1054-1060 E Front St in Traverse City, MI and zip code 49686. This home sits on a 1.24 acre lot. It has been listed on Rocket Homes since August 25, 2022 and is currently priced at $2,850,000.

While more than 19 listings in Traverse City, MI in October 2024 were sold above asking price, there were more than 23 listings sold at asking price, and more than 41 were sold below. Between September 2024 and October 2024, Traverse City, MI real estate market has seen increase in the number of listings by 5.3%. The median list price of listings available in October 2024 was $446,781, while the average time on the real estate market was 73 days.

From Rocket Homes Real Estate and based on county public records data.

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