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Listing Details

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School Ratings & Info

Description

IN the heart of Traverse City's Marina District! C3 Elmwood Township. Great way to own Traverse City property without Traverse City Taxes! Total of 1.80 acres zoned neighborhood commercial. Located directly across the road from Elmwood Township park. Adorable 2 br renovated cottage with excellent vacation rental history is ready to go. Hardly trying you get $21,000 for the summer 2021 season, high season $270 a night, hit it hard could easily double that. Automatically pays for the property while you figure out what you want to do with it! Storage on the property as well with 2 barns. Direct frontage on Shetland Creek. Could be an awesome Ice cream store, general store, boat/toy storage facility, apartments, office with excellent road visibility, restaurant, multi family housing. Had some drainage issues that MDOT finally resolved with fixing a damaged drainage ditch across the road that caused " false wetlands" that have disappeared since it was fixed. Estimates are 20 unit density if you do multi floors. So much potential. Was previously listed and seller withdrew after receiving an offer. Now relocating out of the area, so it is for sure this time! Beautiful Shetland Creek fronts this property. A truly cool Commerical piece with great traffic counts and visibility. LLC member is a licensed Realtor in the state of Michigan.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-09-17T20:51:54.52.
www.c21northland.com/homes/121394182
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10119 Cherry Bend Road Traverse City, MI 49684

  • Price: $335,000
  • Status: Active
  • Updated: 76 min ago
  • MLS #: 1892944
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Beds
0
Baths
0
½ Baths
1.16
Acres
960
SQFT
$349
$/SQFT
1950
Built
Neighborhood:
Metes And Bounds
County:
Leelanau
Area:
Leelanau
Property Description
IN the heart of Traverse City's Marina District! C3 Elmwood Township. Great way to own Traverse City property without Traverse City Taxes! Total of 1.80 acres zoned neighborhood commercial. Located directly across the road from Elmwood Township park. Adorable 2 br renovated cottage with excellent vacation rental history is ready to go. Hardly trying you get $21,000 for the summer 2021 season, high season $270 a night, hit it hard could easily double that. Automatically pays for the property while you figure out what you want to do with it! Storage on the property as well with 2 barns. Direct frontage on Shetland Creek. Could be an awesome Ice cream store, general store, boat/toy storage facility, apartments, office with excellent road visibility, restaurant, multi family housing. Had some drainage issues that MDOT finally resolved with fixing a damaged drainage ditch across the road that caused " false wetlands" that have disappeared since it was fixed. Estimates are 20 unit density if you do multi floors. So much potential. Was previously listed and seller withdrew after receiving an offer. Now relocating out of the area, so it is for sure this time! Beautiful Shetland Creek fronts this property. A truly cool Commerical piece with great traffic counts and visibility. LLC member is a licensed Realtor in the state of Michigan.
Exterior Features

Body Of Water Shetland Creek Construction Frame Exterior Features Aluminum Foundation Slab Lot Dimensions 190 X 267 Parking Paved Road Public Maintained Roof Asphalt Water Front Footage 200

Interior Features

Heating Cooling Type Forced AirWindow Air Conditioner

Property Features

Business Incl Yes Business Name Cherry Bend Llc Deeded Waterfront Yes Documents On File SurveyAgency DisclosureOther Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease None Inventory Incl Yes Licenses None Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession Negotiable Present Use Mini-StorageOther Private Shared Private Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 28 Sewer Municipal Terms CashConventional Mortgage Township Elmwood Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land Yes Water Private Well Zoning CommercialMulti-FamilyResidential

Listing information © 2021 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Lake Homes Realty, Llc: 866-525-3466.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-09-17T20:51:54.52.
 
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CENTURY 21 Northland
241 E State Street
Traverse City MI, 49684