Zimmerman Rd, Traverse City, MI, 49685

Zimmerman Rd Traverse City, MI 49685

Zimmerman Rd, Traverse City, MI, 49685
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FOR SALE
Property Type:
Residential Land Development
Amount:
$895,000
Last Verified:
Mar 07, 2024

Highlights

  • Desirable Westside Location
  • 33 Single Family Lots
  • Access from Zimmerman Rd and Herkner Rd

Description

Prime 22 acre single family development parcel. Located on westside of Traverse City, close to downtown amenities and Munson Medical campus. Access from both Zimmerman Rd and Herkner Rd, with potential for access from N Long Lake. Currently consists of 33 single family site condo lots. Condo docs allow for contraction to create a separate parcel. The Cottages single family development and the new Meadow Valley senior living community are to the north. West Senior High is across N Long Lake Rd and convenient to Long Lake Elementary and West Middle School. Sidewalk and walking path have been completed. Perfect for home builder or investor looking to create Traverse City’s first single family home rental community. All utilities including municipal water/sewer available.

Southern portion of Long Lake Rd development. Entrance off Zimmerman Rd on east side between Buckhorn Dr and Westchester Commons.

Building Size: 0sq ft
Lot Size: 21.79 acres


Documents

3b. Amendment to Master Deed - Meadow Valley.RECORDED.pdf
1. Declaration of Cross Easement and Maintenance Agreememt (Recorded) - Cottages at Meadwo Valley.pdf
3a. Master Deed - Meadow Valley - RECORDED.pdf
Sale Brochure

Map of Zimmerman Rd, Traverse City, MI, 49685

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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.