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Listed by REO-TCRandolph-233022
$995,000
Est. payment /mo
3 Beds
2 Baths
3,055 SqFt
Active
125 S Cedar Street Traverse City, MI 49684
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,055 sqft
Price per Sqft $325
MLS Listing ID 1950474
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1900
Lot Size 1.190 Acres
Acres 1.19
Property Sub-Type Single Family Residence
Property Description
Rare 1.19-Acre Development Opportunity in Traverse City's Kids Creek Neighborhood A truly unique opportunity in one of Traverse City's most walkable and sought-after neighborhoods. This parcel offers a combination of size, location, zoning 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. 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 running along the northern property line, this property offers a private & quiet 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
State MI
Rooms
Basement Michigan Basement
Kitchen Main
Interior
Interior Features Walk-In Closet(s), Breakfast Nook, Den/Study, Vaulted Ceiling(s), Cable TV, High Speed Internet
Heating Forced Air, Natural Gas
Flooring Carpet
Fireplaces Type Gas, Stove
Fireplace true
Appliance None
Exterior
Community Features None
Waterfront Description Public
Roof Type Asphalt
Garage true
Building
Story One and One Half
Foundation Block, Stone
Sewer Public Sewer
Water Public
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