Waterfront Development Site

1050 North U. S. Highway 31 North Traverse City, MI 49686

Traverse City
FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Jun 11, 2025

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Description

Introducing a prime investment opportunity in the heart of Northern Michigan. This property's Regional Business zoning offers immense potential for development and expansion in a high-demand area. Its waterfront and strategic location on U.S. Highway 31 North ensures excellent visibility and accessibility. With significant growth and development in the Northern Michigan region, this property presents a unique opportunity for a savvy investor seeking to capitalize on the area's economic momentum. Don't miss the chance to acquire a valuable asset in a deeply promising location.

Traverse City is a vibrant city in north part of Michigan, surrounded by the natural beauty of the Great Lakes, this area is a magnet for tourist and outdoor enthusiasts. Traverse City's vibrant downtown area offers a dynamic mix of local shops, restaurants, and cultural attractions. With easy access to the renowned wineries and breweries of the Leelanau and Old Mission Peninsulas, this locale offers a unique blend of work and leisure. Investors will appreciate the area's growing appeal to professionals and businesses seeking a quality office location in a picturesque setting.

Lot Size: 4.33 acres


Documents

Waterfront Dev Site 1050 North US Highway 31, Traverse City, MI.pdf

Map of 1050 North U. S. Highway 31 North, Traverse City, MI, 49686

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.