$ 674,900
-
$674,900
Price -
5
Bed -
2
Bath -
1,300
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 61465 - NGL-T442098
Exceptional Investment & Development Opportunity. This highly versatile property offers immediate income with outstanding future potential. Currently operating as a grandfathered residential duplex, the property features reliable long-term tenants and strong rental income, making it an ideal holding investment. Both units have their own washer and dryer. The main floor unit is a 3 bedroom, 1 bath bringing in $2,250/month and the lower unit is a 2 bedroom, 1 bath bringing in $1,500/month. Zoned Light Industrial/Warehouse, the property boasts excellent visibility and expansive frontage on M-72, opening the door to a wide variety of commercial uses. Permitted uses include, but are not limited to: Live/Work Units, Computing & Data Processing Centers, Dealerships, Suppliers, Veterinary Clinics,Greenhouses or Nurseries, Food Production Facilities, Warehousing & Wholesale Operations, Self-Storage Facilities, And many additional commercial possibilities. The site also presents a unique opportunity for renewable energy development. With a special use permit, the property could be ideal for a solar installation, thanks to its flat, cleared, and well-drained land and close proximity to an electrical substation. The parcel also offers strong development flexibility, with the potential for multiple access and exit points via existing easements, improving site circulation and making the property well suited for larger-scale commercial operations. Adding to its appeal, this expansive parcel is located less than one mile from Flintfields Horse Park, home of the internationally recognized TraverseCity Horse Shows, bringing significant seasonal activity and economic energy to the area. With existing rental income covering carrying costs, investors have the flexibility to generate cash flow today while planning and developing future commercial or industrial uses on this exceptional piece of acreage.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Residential
MLS ®
80067123
Year Built
1960
Total Square Footage
1,300
Lot/Acreage
4.69
County
Grand Traverse
Neighborhood
N/A
Area
Acme Twp (28001)
School District
Traverse City Area Public Schools
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Air Cond:
- Heating: LP/Propane Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1300
- Below Ground Sq Ft: 1276
- Basement: Egress/Daylight Windows,Finished,Full,Walk Out
- Other:
- Water: Private Well
Exterior Details
- Garage Capacity: 2 car
- Lot Dimensions: irregular - See Survey
- Zoning: Commercial,Industrial,Multi-Family,Residential
- Roof:
- Others: Porch
- Sewer: Septic
- Parking Features: Detached Garage,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
7075 E M 72 Williamsburg, MI 49690
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
