For sale

125 S Cedar Street
Traverse City, MI 49684

$995,000

Bedrooms
3
Bathrooms
2
Finished sq ft
3,055
Lot
1.19 acres
Year built
1900
Garage
0
Property type
Single Family Residence
County
Grand Traverse County
Subdivision
Traverse City
MLS #
1950474
Days on market
56

About this home

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.