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Jenn Smart

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723 Lake , Traverse City, MI 49684
$595,000
Est. Payment: $3,100.63/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 8
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Exceptional value is evident with these three properties; they are contiguous and collectively provide an excellent investment opportunity. These properties have been used for commercial use as well as professional office and warehouses over the past several decades. 3 individual and contiguous properties all affordably priced offering several options depending on your usage. You could use these properties for your own offices, or you could use them as investment property and rent each unit individually, you could also use or rent out the 4,800 sq. ft. of storage in the large 60X80 building. Another thought is considering the need for housing in and near downtown Traverse City and zoning being R-3, this location and these properties highest and best use may very well be an excellent location for apartment buildings or a condominium location. The adjoining property on the eastern boundary is owned by MDOT and the City of Traverse City providing an expansive open area extending all the way to Boardman Lake for future generations. The walking trail is contiguous to the southern boundary for easy access for exercising and watching sunrises over Boardman Lake. Downtown Traverse City is just a short walk as well to enjoy and experience the many excellent restaurants and wonderful shopping opportunities. Collectively there is over 9,000 sq ft of warehouse, 2,275 sq ft of offices, and over 38,000 sq ft of property, that in total is just under 1 full acre! There are so many options being offered for either personal use or for an investor, any way you consider it these properties are certainly one of the better investments for this location of Traverse City.

Highlights

Listed by Gary Strange , 231-536-3300 Charlevoix Properties , 231-536-3300. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.5

Year Built

1970

County

Grand Traverse

Area

Traverse City (28021)

Neighborhood

None

School District

Traverse City Area Public Schools

Listing ID

80072401

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot Dimensions:122X177
Zoning:Residential,Other
Principal Interest
$3,101
Taxes
$379

Home Price

$595,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$119,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,100.63

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,100.63 $379.31 $0.00 $3,479.94
Yearly $37,207.53 $4,551.75 $0.00 $41,759.28
Total $1,116,225.99 $136,552.50 $0.00 $1,252,778.49
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Traverse City, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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