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For sale
  • $395,000

    811 Lake Ave, Traverse City, MI 49684

    --beds
    --baths
    1,770sqft
    : 
    $2,630/mo
    Get pre-qualified
    Multi Family
    Built in 1985
    -- sqft lot
    $377,400 Zestimate®
    $223/sqft
    $-- HOA

    What's special

    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.
    14 days
    |
    290
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Gary Strange 231-536-3300,

    Charlevoix Properties 231-536-3300

    Source: NGLRMLS,MLS#: 1949269MLS Logo

      Facts & features

      Interior

      Heating
      • Forced Air, Natural Gas
      Appliances
      • Included: None
      Features
      • None, WiFi
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,770
      • Total interior livable area: 1,770 sqft

      Property

      Parking
      • Parking features: None
      Accessibility
      • Accessibility features: None
      Features
      • Exterior features: None
      • Waterfront features: None
      Lot
      • Size: 6,534 Square Feet
      • Dimensions: 60 x 118 x 62 x 103
      Details
      • Additional structures: None
      • Parcel number: 5162215000
      • Zoning description: Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Block
      • Foundation: Slab
      • Roof: Membrane
      Condition
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: None
      • Subdivision: None
      Location
      • Region: Traverse City

      Financial & listing details

      • Price per square foot: $223/sqft
      • Tax assessed value: $83,391
      • Price range: $395K - $395K
      • Date on market: 8/13/2026
      • Cumulative days on market: 14 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash
      • Ownership type: Private Owner
      • Lease term: Not For Lease
      • Road surface type: Asphalt

        Estimated market value

        $377,400

        $359,000 - $396,000

        $1,924/mo

        Price history

        DateEventPrice
        8/13/2026Listed for sale$395,000$223/sqft
        Source: NGLRMLS #1949269 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Old Towne

        Getting around

        74 / 100
        Very Walkable
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Traverse City West Middle School
        • High: Traverse City High School
        • District: Traverse City Area Public Schools

        Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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