125 Cedar Street, Traverse City, Michigan, 49684

$1,250,000

Property Details

MLS#: 78080073474
Bedrooms: 3
Bathrooms: 1.5
Square Feet: 3,055
Price per Sqft: $409
Lot Size: N/A
Year Built: 1900
Property Type: Residential
Status: Active

Tax and Assessment Information

Assessment evidence unavailable.

Description

Rare 1.19-Acre Development Opportunity in Traverse Citys Slabtown Neighborhood A truly unique opportunity in one of Traverse Citys most walkable and sought-after neighborhoods. This 1.19-acre parcel offers a combination of size, location, zoning, access, and existing improvements that is exceptionally difficult to find in the city. The property includes an approximately 3,000-square-foot home, fully fenced, with both street and alley access, plus a workshop with additional storage above and a separate 44' x 32' pole building featuring a 12' overhead door and a substantial concrete pad. R-2 zoning allows for up to four dwelling units, providing several potential development configurations, including two duplexes or a single-family home with a triplex, subject to city approvals and site requirements. With Kids Creek along the northern property line, this property offers a private setting while remaining in the heart of downtown Traverse City. The existing home and outbuildings provide flexibility for a variety of other development strategies. Buyers should independently verify zoning, permitted uses, setbacks, floodplain status, and all development requirements with the City of Traverse City. The property is being sold in "As Is" condition. Signatory Seller, acting as Personal Representative of The Estate of Nancy Lynne Kellum, has no historical knowledge of the condition of the property.

Location

This property is located in Traverse City, Michigan. Traverse City is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 125 Cedar Street?

125 Cedar Street is listed at $1,250,000, or $409 per square foot.

How many bedrooms does 125 Cedar Street have?

This property has 3 bedrooms and 1.5 bathrooms, with 3,055 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 484-4696

Email: info@sonicrealty.com