0 U S 31 Unit 1830745 Traverse City, MI 49685

This large vacant parcel is located north of the Chum's Corner intersection of US-31 and M-37 and south of the City of Traverse City in this growing area of Northwest Michigan. The property is well suited for a mixed use development with possible Big Box Retail and mix of Multi-Family and Single Family Residential. This property is now being offered in 3-21 acre splits at $125,000 per acre for frontage on US 31 S. This area of the development is best suited for retail users wanting to take advantage of the exposure to 25,000 plus cars per day on US 31 S. The public water and sewer have already been installed around the perimeter of the property. This property is owned by the Grand Traverse County Land Bank Authority and the property is eligible for a variety of development incentives including but not limited too Brownfield Incentives and Tax Increment Financing.