1.93 Acre Development Lot

Investment Overview

Great location for residential housing and already approved for 19 units as a P.U.D. Phase 1 & 2 of this development were completed in 2017 and the last condominium unit was sold in 2024. Phase 3 is the remaining 1.9 acres and it is ready to go for the next developer. Roads have been installed and access to sewer, water, cherryland electric and DTE gas are run to the property. Approved for 9 duplex units and 1 single family home. Great views of town from the top of the hill and 5 minutes to Munson hospital, downtown, Meijer, shopping and GT Mall.

Investment Highlights

• Zoned PUD for residential development
• Approved for 9 duplex units and 1 single-family home
• Phase 3 development ready for next developer
• Infrastructure in place: roads, sewer, water, electric, gas
• Great views of the town from the property
• 5 minutes to Munson hospital, downtown, and shopping
• Located in the Traverse City area
• Ideal for multifamily residential investment