Additional details

Allen Team

allenteamsells@gmail.com +1(734) 564-3330

$674,900

5 Beds

2 Baths

1,300 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Rent

Square Footage 1,300 sqft

MLS Listing ID 78080067123

Style Duplex,Ranch

Bedrooms 5

Full Baths 2

Year Built 1960

Lot Size 4.690 Acres

Acres 4.69

Property Sub-Type SingleFamilyResidence

Property Description

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.

Location

State MI

County Grand Traverse

Area Area28021Acmetwp

Rooms

Basement Daylight, Finished, Full, Walk Out Access

Main Level, 12.0*12.0 Kitchen

Main Level, 7.0*12.0 DiningRoom

Main Level, 12.0*12.0 Bedroom1

Main Level Laundry

Main Level, 15.0*12.0 LivingRoom

Interior

Heating Forced Air, Propane

Fireplace No

Exterior

Parking Features TwoCarGarage, Detached, Garage

Garage Spaces 2.0

View Y/N No

Garage true

Building

Lot Description Cleared

Foundation Basement

Sewer Septic Tank

Water Well

New Construction No

Schools

School District Traverse City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Carly Tunison of Century 21 Northland

Nearby School & Business

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Allen Team

+1(734) 564-3330

Agent | License ID: 65001357867

Agent License ID: 65001357867

7075 E M 72 Acme Twp, MI 49690

Allen Team

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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