Home For Sale In Traverse City, Michigan

house for sale

Listed: 02/11/24

1968 Chippewa Street, Traverse City, MI 49686, USA

Studio Bed:

32,711 Sq Ft Living Area:

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Price

$ 8,5M

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About This House

Rare opportunity in downtown Traverse city, with commercial HR zoning, a large 63-70 unit building and a large property, bound by five city streets - a block from the public beach! This property was originally developed as a hotel (with 70 units), leased to a senior living operation for many years, and is now ready for a new owner to create apartments, condos, operate as a hotel or long term care facility, or to create something all their own. With a large commercial kitchen, huge dining room, many common lounges, on-site commercial laundry, fiber optic internet installed and ready, a lovely back patio, expansive grounds and nicely outfitted units, this property has many things going well! There is potential to … Full description

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Houses for sale in Traverse City

Original listing

Traverse City Housing & Living

Household Income

Median household income: $53,237

Number of households: 6,629

The average household income in Traverse City, MI grew from $51,139 to $53,237 in the past year. This data is an estimate based upon 6,629 households in Traverse City, MI.
The chart below presents how household income is distributed in Traverse City, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Traverse City, MI compared to median property taxes around the country. The prevalent amount of property taxes in Traverse City, MI equals $3k+ , which is more than the national average.