Commercial Development Land

1026 - 1040 East Front Street Traverse City, MI 49686

1026 - 1040 East Front Street, Traverse City, MI, 49686
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FOR SALE
Property Type:
Multifamily Land
Amount:
$1,299,000
Last Verified:
Nov 14, 2024

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Highlights

  • Great Location on US-31
  • Large Development Parcel
  • High Traffic Volume and Visibility

Description

Here is an opportunity to purchase and develop a large 0.63 Acre commercial parcel on US-31 at the gateway to beautiful downtown Traverse City, one of the country's most desirable Midwest locations. US-31 is the main East-West Corridor through the Grand Traverse Region, known for its beaches on crystal blue waters, wineries, breweries, restaurants and many outdoor activities. The property consists of three separate lots, two vacant and one with an existing office building remaining. The adjacent property is also available for sale for an additional 1.25 Acres of land that can be combined with this offering for a major development piece.

Just west of the intersection of Garfield Ave and E Front St on the south side.

Lot Size: 0.63 acres


Documents

Sale Brochure


Map of 1026 - 1040 East Front Street, Traverse City, MI, 49686

Presented by:
Three West LLC

Request additional information
Kevin Endres


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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.