1040 E Front St Traverse City, MI 49686
Oak Park NeighborhoodEstimated payment $7,745/month
Highlights
- 0.63 Acre Lot
- Level Lot
- 3-minute walk to Traverse City State Park
- Central High School Rated A-
About This Lot
Here is an opportunity to purchase and develop a large 0.63 Acre commercial parcel on US-31 at the gateway to beautiful downtown Traverse City, one of the country's most desirable Midwest locations. US-31 is the main East-West Corridor through the Grand Traverse Region, known for its beaches on crystal blue waters, wineries, breweries, restaurants and many outdoor activities. The property consists of three separate lots, two vacant and one with an existing office building remaining. Also available as vacant 0.38 AC for $399,000 and 0.25 AC with the 1864 SF office building at $799,000. The adjacent property is also available for sale for an additional 1.25 Acres of land that can be combined with this offering for a major development piece.
Property Details
Property Type
- Land
Lot Details
- 0.63 Acre Lot
- Lot Dimensions are 165x165
- Level Lot
- The community has rules related to zoning restrictions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,404 | $363,100 | $0 | $0 |
| 2024 | $16,078 | $372,900 | $0 | $0 |
| 2023 | $15,083 | $192,200 | $0 | $0 |
| 2022 | $15,564 | $284,100 | $0 | $0 |
| 2021 | $9,801 | $192,200 | $0 | $0 |
| 2020 | $9,694 | $180,300 | $0 | $0 |
| 2019 | $9,612 | $172,100 | $0 | $0 |
| 2018 | $9,406 | $172,800 | $0 | $0 |
| 2017 | -- | $170,900 | $0 | $0 |
| 2016 | -- | $170,200 | $0 | $0 |
| 2014 | -- | $182,400 | $0 | $0 |
| 2012 | -- | $185,300 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Price Changed | $1,198,000 | -3.2% | -- |
| 03/31/2025 03/31/25 | Price Changed | $1,238,000 | -4.7% | -- |
| 09/05/2023 09/05/23 | For Sale | $1,299,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $350,000 | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1915324
APN: 51-558-004-10
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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