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531 W Front Street

531 W Front Street Traverse City, MI 49684

Other Residential MLS #: 1921276 Courtesy Of The Mitten Real Estate Group
310 W. Front Street, Ste. 411, Traverse City, MI 49685

$1,825,000

0.19 acres
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Estimated monthly payments: $7,978/mo.* (recalculate)
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Property InformationDescription

This is a fantastic redevelopment opportunity directly on Front Street, where the value lies in the land. It comes with engineered plans for a cutting-edge project featuring twelve luxury condos, each about 1,400 square feet. Three out of twelve units are eligible for STR. There's also 3,000 square feet of flexible commercial space on the ground floor that could be used for retail or common space for condominium owners: gym, shared workspace, lounge, etc., and a huge rooftop lounge perfect for relaxing. We've crunched the numbers and see a potential sellout value of $15 million. You'll need to wrap up some additional engineering before breaking ground. Do your own due diligence to determine your comfort level with the project.
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Features

  • Architecture Style: Other
  • Lot Size: 0.19 Acres
  • Roof Type: Unknown

MAP & DIRECTIONS

MAP & DIRECTIONS

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531 W Front Street, Traverse City, MI 49684
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School Information

531 W Front Street, Traverse City, MI 49684

Elementary School
Grades PK-7 | Public School
TCAPS MONTESSORI SCHOOL
Traverse City, MI 49684
1009 S Oak St
231.­933.6423
Distance: 0.4 mi
School Rating
A+
Student:Teacher Ratio
15:1
Total Students
269
Elementary School
Grades PK-5 | Public School
CENTRAL GRADE SCHOOL
Traverse City, MI 49684
301 7th St
231.­933.5910
Distance: 0.4 mi
School Rating
B
Student:Teacher Ratio
18:1
Total Students
565
Middle School
Grades 6-8 | Public School
EAST MIDDLE SCHOOL
Traverse City, MI 49696
1776 3 Mile Rd N
231.­933.7304
Distance: 5.3 mi
School Rating
B-
Student:Teacher Ratio
23:1
Total Students
847
Middle School
Grades 8-12 | Public School
CENTRAL HIGH SCHOOL
Traverse City, MI 49686
1150 Milliken Dr
231.­933.6500
Distance: 2.1 mi
School Rating
A
Student:Teacher Ratio
24:1
Total Students
1461
High School
Grades 9-12 | Public School
TRAVERSE CITY HIGH SCHOOL
Traverse City, MI 49686
3962 3 Mile Rd N
231.­933.5862
Distance: 3.9 mi
School Rating
D-
Student:Teacher Ratio
16:1
Total Students
121
Other Nearby Schools Distance Type Grades School Rating
Inmacule Conseption Elementary School 0.7 mi Private PK-5
Trinity Lutheran School 0.8 mi Private PK-8
Willow Hill Elementary School 0.8 mi Public PK-5 B+
New Campus Center 1.0 mi Public KG-12
The Greenspire School 1.0 mi Public 6-12 B-
West Middle School 1.8 mi Public 6-8 B
Tba Independent School District Oak Park Special Education 1.9 mi Public PK-12
Traverse Heights Elementary School 1.9 mi Public PK-5 D+
Tba Independent School District Traverse Heights 1.9 mi Public PK-12
Traverse Bay Mennonite School 1.9 mi Private 1-12
Eastern Elementary School 2.4 mi Public PK-5 C-
The Pathfinder School 2.8 mi Private PK-8
The Children's House 2.8 mi Private PK-8
West Senior High School 2.9 mi Public 9-12 A
Tba Career Tech Center 3.6 mi Public 11-12
Life Skills Center 3.6 mi Public 9-12
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Traverse City, MI 49684

Median Age: 42.7
Married: 48%
Number of Households: 10,181
Households with Children: 26.7%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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