1150 E Hammond Rd - Commercial LAND FOR SALE


Traverse City, MI 49686 360,677 SF
$1,200,000 USD
586-254-0900
1150 E Hammond Rd, Traverse City, MI for Sale
$1,200,000 USD
Commercial LAND - FOR SALE
1/3
360,677 SF

1150 E Hammond Rd
Traverse City, MI 49686


HIGHLIGHTS

  • Approved plans are in place for a 120+ unit senior housing development.
  • Located along E. Hammond Road with regional connectivity throughout Traverse City.
  • Engineering and architectural plans have been completed and approved.
  • Approximately 8.28 acres with substantial site depth and frontage.
  • Positioned just east of Three Mile Road within an established growth corridor.
  • Development-ready opportunity with entitlement work substantially completed.

OVERVIEW

1150 E Hammond Road presents an opportunity to acquire an approved senior housing development site in Traverse City, Michigan. The 8.28-acre property is positioned along E. Hammond Road, a primary east-west corridor serving the city's residential neighborhoods, commercial services, and healthcare destinations. The location provides convenient access to major transportation routes throughout the Traverse City region while maintaining proximity to everyday amenities that support senior living communities. The offering includes completed and approved engineering and architectural plans for a proposed 120+ unit, two-story senior development, reducing entitlement timelines and allowing a future owner to focus on project execution. As demand for age-restricted and senior-oriented housing continues to be a significant consideration in many Midwest markets, the property's approved development status provides a pathway for investors and developers seeking to advance a residential project without undertaking the full planning process from inception. The site's dimensions, approximately 560 feet by 644 feet, provide flexibility for site design, circulation, parking, and amenity integration consistent with the approved plans. Situated just east of Three Mile Road on the south side of Hammond Road, the property benefits from established surrounding development and accessibility to retail, medical, and community services throughout Traverse City. With approvals already in place and a strategic location within one of northern Michigan's most recognized regional centers, the property offers a development-ready opportunity for residential and senior housing investors seeking a project with advanced planning completed.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/ACRE

$144,928/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units - Senior

LAND ACRES

8.28 AC

LAND SF

360,677 SF

OFFSITE IMPROVEMENTS

-

ZONING

401

APN/PARCEL ID

03-229-011-10

ASK ABOUT THIS PROPERTY

Boyd KraftPilot Property Group, Inc.More Info
586-254-0900

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Boyd KraftPilot Property Group, Inc.More Info
586-254-0900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.