4160 E M-72 EWilliamsburg, MI 49690

Description

Outstanding investment opportunity! This shovel-ready building site is ready for new mixed-use construction. Situated in a fantastic, easy access location on a busy thoroughfare, this 4.35-acre parcel is currently zoned for multi-story/mixed use with the potential for short term rentals, and has an approved PD to accommodate a building footprint of 32,300 sq ft with a 45-foot height requirement, allowing for retail space on floor 1 for up to 19 units, and 2 floors of residential condominium units. All site infrastructure is fully developed, including underground sewer, water, electric, cable, and storm water management - imagine the possibilities! Included is a 12,000 sq ft mixed-use building known to locals as the former Williamsburg Dinner Theatre. Located just a 1/4 mile from the east arm of Grand Traverse Bay and the newly renovated public Bayside Park. Directly adjacent to Acme Meijer, 3.5 miles from Turtle Creek Casino, and less than 1.5 miles from the Grand Traverse Resort & Spa and its renowned golf courses "The Bear", "The Wolverine", and "Spruce Run". For those seeking adventure, this property also features direct access to the TART Trail and the newly constructed bridge over cascading Acme Creek, connecting the adjoining KOTI property- Traverse City's newest luxury vacation rental experience.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1990

Living area

12,259 Sq Ft

Lot size

4.35 acres

Days on market

123

MLS^® Listing#

1941135

Property Features

Heating

Forced Air · Natural Gas

Parking

Paved · Parking Lot

Construction

Frame · Other

Foundation

Block

Roof

Other

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

Yes

Annual taxes

$126,931Tax year 2025

Assessed value

$2,806,448

Parcel number

part of 01-102-011-01

Directions

From Traverse City, take US-31 N to E M-72 in Acme and turn right. Property is on the right, just past KOTI Vacation Rentals and Northern Michigan Veterinary Hospital.