Bought with Carole L Higgins • Cygnus Real Estate
$475,000
$525,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
TBD Oak Hollow Drive Traverse City, MI 49686
2.9 Acres Lot
Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1918719
Sold Date 08/20/25
Lot Size 2.900 Acres
Acres 2.9
Lot Dimensions irregular
Property Sub-Type Mixed Use
Property Description
This wooded 2.9 Acre Multi-family Development parcel sits on the southeast shore of Boardman Lake with additional frontage on the Boardman River. The property is only minutes from Downtown Traverse City, shopping and the airport. Access is provided via roads, public transit, the TART Trail and the new Boardman Lake Loop which runs along the southern boundary of the property. The property is adjacent to the existing Lake Pointe Apartments. While the underlying zoning for the parcel is R-3 Multi-family Residential, the property is part of a PUD and the approved use for the parcel is office with a total allowable square footage of 18,000 SF.
Location
State MI
County Grand Traverse
Zoning Residential
Rooms
Basement None
Interior
Heating None
Cooling None
Exterior
Exterior Feature None
Roof Type None
Present Use Medical/Dental,Office Building,Retail Store,Service,Other
Road Frontage Privately Maintained
Building
Sewer None
Water None
Others
Tax ID 05-212-002-00
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Commercial Loan, Cash
Listing Terms Conventional Mortgage, Commercial Loan, Cash
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