648 E Eighth Street, Traverse City, MI, 49686

648 E Eighth Street Traverse City, MI 49686

648 E Eighth Street, Traverse City, MI, 49686
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$395,000
Last Verified:
Apr 07, 2025

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Highlights

  • Investment /Development opportunity
  • D2 Zoning
  • 2 Rental Units

Description

Prime investment / development opportunity on a highly desirable stretch of Traverse City's NoBo district. D2 zoning allows for a multitude of commercial and residential uses, including multifamily housing, inns, offices and storefronts. Walking distance to Boardman Lake access at Hull Park, the TART/Boardman Lake Loop, F&M Park, the Filling Station, and much, much more - this location is in the center of it all. The Two rental units provide a steady income stream while planning for your ideal development!

Second lot to the west on the Southwest side of the intersection of Railroad Ave and E Eighth St.


Year Built: 1896
Building Size: 2553sq ft
Lot Size: 0.14 acres


Documents

Sale Brochure

Map of 648 E Eighth Street, Traverse City, MI, 49686

Presented by:
Three West LLC

Request additional information
David J. Frost


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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.
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