Great opportunity to own a large 4+ acre development parcel within the city limits of Traverse City. Zoned C-1 which allows for a variety of uses including commercial, multi family and residential. Land naturally rises to the north allowing for some spectacular bay and city views. Land along M-72 (East Traverse Highway) is relatively flat and can be easily developed for commercial use. City water and sewer located on the road ROW with extremely reasonable fees for developers to access. So may opportunities with this rare large parcel located in the rapidly developing Traverse City market.
Property Details
Property Features
Listing Office:
Office Name: Twin Bay Properties, LLC
Office Phone: (231) 357-7800
Listing Agent: David Cutler
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Bay View, Countryside View, Other
Lot Features
Lot Information:
Lot: Sloped
Lot Size: 4.00 Acres
Other
Directions Information:
Directions: 1/4 mile west on East Traverse Highway (M-72) from Bayfront
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Tax Information:
Annual Amount: $1,318
Tax Year: 2021
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See how this home compares to others in Traverse City, MI.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Willow Hill Elementary School
1250 Hill St
Distance between this listing and this school0.25 miles
Public District Grades PK-5
7
/10
Central Grade Elementary School
301 7th St
Distance between this listing and this school1.38 miles
Public District Grades PK-5
3
/10
Traverse Heights Elementary School
933 Rose St
Distance between this listing and this school2.83 miles
Public District Grades PK-5
Nearby Schools
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school1.38 miles
Public District Grades PK-7
7
/10
Traverse City West Middle School
3950 Silver Lake Rd
Distance between this listing and this school2.28 miles
Public District Grades 6-8
6
/10
Traverse City East Middle School
1776 3 Mile Rd N
Distance between this listing and this school6.35 miles
Public District Grades 6-8
Nearby Schools
6
/10
The Greenspire School
1026 Red Dr
Distance between this listing and this school1.57 miles
Public Charter Grades 6-12
8
/10
West Senior High School
5376 N Long Lake Rd
Distance between this listing and this school2.75 miles
Public District Grades 9-12
8
/10
Central High School
1150 Milliken Dr
Distance between this listing and this school2.81 miles
The neighbors living near this home have an average income of $50,142. Residents of Traverse City, MI typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 10775 E Traverse Hwy
What is the listing price of this property?
The listing price of 10775 E Traverse Hwy property is $2,750,000.
What type of property is this?
The property 10775 E Traverse Hwy is land located in Traverse City, Michigan, 49684.
Is this property for sale now?
Active Listing: 10775 E Traverse Hwy is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,318 (source: MLS/based on county public records data).
How much acreage is this property?
The property 10775 E Traverse Hwy is 4.00 acres.
Interested in 10775 E Traverse Hwy? Let's connect.
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This home is located at 10775 E Traverse Hwy in Traverse City, MI and zip code 49684. This home sits on a 4.00 acre lot. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $2,750,000.
While more than 9 listings in Traverse City, MI in December 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 51 were sold below. In December 2024 in Traverse City, MI there were 11.5% less homes for sale than in November 2024. The median list price of listings available in December 2024 was $450,000, while the average time on the real estate market was 86 days.
From Rocket Homes Real Estate and based on county public records data.
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