520 Wellington Street
Traverse City, MI 49686

$1,400,000

Description

A rare opportunity to own over 1.2 acres of development property in the city limits with 246' of frontage on the Boardman River. Now is the time to be part of the Eighth Street revitalization. There are 2 nice warehouse buildings on the property that could be used until the land is developed. 520 Wellington was built in 2013, is 7,140 SF with a 16 ft overhead door, and includes office space. 530 Wellington was built in 1971, is 6,345 SF with 2 overhead doors, and is unheated. Zoned D-2, development district that allows for a wide variety of uses including residential, condos, apartments, office, retail, restaurant, manufacturing, parking structures, theaters and more. 2 tax parcels included in the sale.

Details

MLS#1850151
StyleIndustrial
Sub-TypeResale
StatusActive
Year2013
Days On Site205

Features

SQ Feet13,485
Story(s)1
ZoningResidential,Multi-Family

Market Activity 49686

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49686
AreaGrand Traverse
Listing VS Median (in 49686)
Price:
$1,400,000
low | high
Med:
$297,500
100% of Average
SqFt:
13,485
low | high
Med:
2,364
100% of Average
$ / SqFt:
$104
low | high
Med:
$126
28.783312182741% of Average
On Site:
205
low | high
Med:
3
100% of Average
Listing Updated: 04/25/2019
MLS Number: 1850151
Listing Provided By:
Stiebel 1400000  of  Coldwell Banker Schmidt-522
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