4040 Creekside DrTraverse City, MI 49684
- Land
- 11.40 AC
Property Details for 4040 Creekside Dr
- Lot size
- 11.40 AC
- Property type
- Land
Description
This exceptional 11.4-acre parcel in Traverse City, Michigan, presents a remarkable opportunity for multi-family residential development. Located at 4040 Creekside Dr, 49684, this property boasts a prime location less than two miles from downtown, offering residents convenient access to urban amenities while maintaining a tranquil setting. Zoned for residential use (APN: 0501602900), the land features scenic views and is ideally situated adjacent to the Grand Traverse YMCA, Kids Creek Park, and numerous hiking trails. Existing infrastructure includes central water and sewer access nearby, facilitating a low-density development. The property includes a small caretaker's home and a 30x30 pole barn. While creek features limit building to the front portion, preliminary site plans for a 70+ unit development are available upon request. The property is currently generating income from a long-term tenant in a single-family home on the site. Previously approved for a 77-unit development, this land offers significant potential for a high-return residential project. This is a private ownership opportunity priced at $850,000.
Location Insight
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Latitude
- 44.7332
- Longitude
- -85.6536
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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