1600 Simsbury StTraverse City, MI 49686

Property Details for 1600 Simsbury St

Lot size

4.52 AC

Property type

Commercial land

APN

05-014-108-00

APU

501410800

Description

This exceptional 4.52-acre parcel presents a rare opportunity for a high-density residential development in the desirable Traverse City, Michigan market. Located at 1600 Simsbury St, this shovel-ready site boasts stunning Boardman Lake waterfront views and is conveniently situated just one mile from Cherry Capital Airport (TVC) and under two miles from West Bay. The property is zoned R-3 Multi-Family Residential, allowing for the construction of up to 72 condominium or apartment units. All necessary entitlements and approvals are in place, eliminating significant pre-construction hurdles and accelerating the development timeline. The property's APN is 05-014-108-00, and its location in Grand Traverse County, with a 49686 zip code, offers easy access to amenities and a thriving local economy. This prime location, combined with the approved density and waterfront access, makes this a truly unique investment opportunity with significant potential for substantial returns. The asking price for this fully entitled 4.52-acre lot is $3,200,000. Don't miss this chance to acquire a highly sought-after development site in a rapidly growing area. This is a turnkey opportunity for developers seeking a quick path to a lucrative multifamily project.

Location Insight

City

Traverse City

County

Grand Traverse

State

Michigan

Latitude

44.7438

Longitude

-85.6115

CBSA code

45900

CBSA name

TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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