Development Opportunity

13726 S West Bay Shore Dr Traverse City, MI 49684

13726 S West Bay Shore Dr, Traverse City, MI, 49684
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FOR SALE
Property Type:
Free Standing Building
Amount:
$650,000
Last Verified:
Nov 08, 2024

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Highlights

  • Incredible re-development opportunity on M-22 with access to the TART trail and an excellent view of the Bay!
  • Perfect for multi-family, retail, personal services, mixed use, professional offices, restaurant, and more.
  • TART Trail runs right behind the property making it easy to walk or bike downtown.
  • Currently there is a small commercial building on the property, but the value is in the land.
  • Main floor tenant has short-term lease and upstairs apartment is vacant.

Description

Incredible re-development opportunity on M-22 with access to the TART trail and an excellent view of the Bay! Perfect for multi-family, retail, personal services, mixed use, professional offices, restaurant, and more. TART Trail runs right behind the property making it easy to walk or bike downtown. Currently there is a small commercial building on the property, but the value is in the land. Main floor tenant has short-term lease and upstairs apartment is vacant.

From downtown Traverse City, head west on W Grandview Parkway (turns into M-22/S W Bay Shore Drive). Listing is 0.3 miles past Tom's Food Market on the left.


Year Built: 1900
Building Size: 2205sq ft
Lot Size: 1.19 acres


Documents

CBC - Brochure (P)

Map of 13726 S West Bay Shore Dr, Traverse City, MI, 49684

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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.