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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$749,900

Est. payment - /mo

4,400 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $170

Subdivision Sunset Shores

MLS Listing ID 78080064890

Style Apartment

Year Built 1940

Lot Size 1.440 Acres

Acres 1.44

Property Sub-Type MultiFamily

Property Description

Prime Business Opportunity on US 31 Elk Rapids/Traverse City Corridor! Positioned on one of Northern Michigan's most traveled routes. This 1.4 acre multi-building property is zoned R2, allowing for a wide range of uses. Located just 2 miles south of Elk Rapids, 12 miles north of Traverse City and 7 miles from Flintfields and the Traverse City Equestrian Festival that runs June through September. In particular this property has the Elk Rapids Township approval for 3 SHORT and LONG term rental units across 2 buildings which can potentially capture the lucrative summer rental period. Each unit is completely furnished with full kitchens, washers and dryers, and reverse osmosis drinking water.Two of the three units are protected by a fire suppression system and Generac generator. Also included is a Deeded 200' private shared beach on beautiful East Grand Traverse Bay- one mile south at the end of Sunset Shores Rd. Strategically located, this is a one of a kind property and is ideally suited for serving equestrian visitors, seasonal tourism and destination clients.

Location

State MI

County Antrim

Area Area88111Elkrapidstwp

Rooms

Basement Block, Partial

Interior

Interior Features Pantry

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Attached, Garage

Waterfront Description AllSportsLake, WaterAccessRights, Waterfront

View Y/N No

Building

Lot Description WaterView

Foundation Basement, Block

Sewer Septic Tank

Water Public

New Construction No

Schools

School District Elk Rapids

Others

Acceptable Financing Cash, Trade1031Exchange

Listing Terms Cash, Trade1031Exchange

Special Listing Condition Standard

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Listed by Donald C Fedrigon of REMAX Of Elk Rapids

Nearby Locations

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Erin Raetz

+1(586) 996-8410

10774 S US-31 Elk Rapids Twp, MI 49690

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION