7075(2 parcels) E M 72, Williamsburg, MI 49690
N/A · Grand Traverse County
Key Facts
Description
Exceptional Investment & Development Opportunity. This highly versatile property offers immediate income with outstanding future potential. Currently operating as a grandfathered residential duplex, the property features reliable long-term tenants and strong rental income, making it an ideal holding investment. Both units have their own washer and dryer. The main floor unit is a 3 bedroom, 1 bath bringing in $2,225/month and the lower unit is a 2 bedroom, 1 bath bringing in $1,550/month. Zoned Light Industrial/Warehouse, the property boasts excellent visibility and expansive frontage on M-72, opening the door to a wide variety of commercial uses. Permitted uses include, but are not limited to: Live/Work Units, Computing & Data Processing Centers, Dealerships, Suppliers, Veterinary Clinics, Greenhouses or Nurseries, Food Production Facilities, Warehousing & Wholesale Operations, Self-Storage Facilities, And many additional commercial possibilities. The site also presents a unique opportunity for renewable energy development. With a special use permit, the property could be ideal for a solar installation, thanks to its flat, cleared, and well-drained land and close proximity to an electrical substation. The parcel also offers strong development flexibility, with the potential for multiple access and exit points via existing easements, improving site circulation and making the property well suited for larger-scale commercial operations. Adding to its appeal, this expansive parcel is located less than one mile from Flintfields Horse Park, home of the internationally recognized Traverse City Horse Shows, bringing significant seasonal activity and economic energy to the area. With existing rental income covering carrying costs, investors have the flexibility to generate cash flow today while planning and developing future commercial or industrial uses on this exceptional piece of acreage.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Ranch
Year Built
1960
Living Area
2,576 sq ft
Lot Size
9.35 acres
Garage Spaces
2
Days on Market
118
MLS® Listing#
1943164
Property Features
Interior
Appliances
Heating
Basement
Parking
Patio
Construction
Roof
Other Structures
Community
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$424,163
Parcel Number
01-015-005-03 and 06
Directions
North Side of M-72, East of Tractor Supply.
Affordability Calculator
$180,000
Estimated monthly payment
$4,790/mo
Principal $720,000 · Est. interest $1,004,464 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Williamsburg, MI
- $955,556
- Median Listing Price
- 51
- Median Days on Market
- 2,986
- Median Sq Ft
- $348
- Median Price / Sq Ft
- 58
- Active Listings
- This home’s price is 6% below the area median.
- Its price per sq ft is right around the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Williamsburg, MI.
Location
Points of Interest in Williamsburg, MI
Showing the Williamsburg area map.
Nearby Schools
Elk Rapids Schools
Elementary · 1.9 mi away
Traverse Bay Christian School
School · 5.1 mi away
Woodland School
Elementary · 5.5 mi away
Courtade Elementary School
Elementary · 6.2 mi away
TC Adventist School
School · 6.5 mi away
Kitchi Minogining Tribal School
School · 6.6 mi away
Traverse City High School
Secondary · 6.6 mi away
North Ed Career Tech
Secondary · 6.8 mi away
Traverse Bay Area Intermediate School
School · 6.8 mi away
Manufacturing Technology Academy
School · 6.8 mi away
Grand Traverse Academy
School · 7.1 mi away
East Middle School
Elementary · 7.4 mi away
Cherry Knoll Elementary School
Elementary · 7.4 mi away
Eastern Elementary School
Elementary · 7.5 mi away
St. Elizabeth Ann Seton Middle School
Elementary · 7.6 mi away
Traverse City Area Public Schools
Elementary · 7.7 mi away
Community Children's Center
School · 7.7 mi away
Traverse City Central High School
Secondary · 7.8 mi away
Oak Park Elementary School
Elementary · 8.0 mi away
Bethlehem Nursery School
Elementary · 8.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 11130 French Court, Williamsburg, MI | $644,900 | 4 | 3 | 2,652 |
| 4340 Hampshire Drive, Williamsburg, MI | $649,900 | 5 | 4 | 3,009 |
| M-72, Williamsburg, MI | $650,000 | — | — | — |
| 3569 Kennedy Place, Williamsburg, MI | $689,900 | 4 | 3 | 3,640 |
| 6130 Singletree Lane Unit 2, Williamsburg, MI | $695,900 | 4 | 3 | 3,677 |
| 8392 Monarch Lane, Williamsburg, MI | $699,900 | 3 | 3 | 2,400 |
Moving Cost Estimate
EXIT Agents in Williamsburg
Listing Courtesy: Century 21 Northland - Cell: 231-409-3601