This large vacant parcel is located north of the Chum's Corner intersection of US-31 and M-37 and south of the City of Traverse City in this growing area of Northwest Michigan. This portion of the property is now being offered as 28.49 acres at $30,000 per acre with frontage and easy ingress/egress on Rennie School Rd (no splits are being offered, buyer must purchase all 28.49 acres). This area of the development is best suited for a multi-family or single family residential development. The public water and sewer have already been installed around the perimeter of the property. This property is owned by the Grand Traverse County Land Bank Authority and the property is eligible for a variety of development incentives including but not limited too Brownfield Incentives and Tax Increment Financing.
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