#1929102, David Knapp, Listing office: Tandem Real Estate
Property details
About 1040 E Front St
Here is an opportunity to purchase and develop a large 0.63 Acre commercial parcel on US-31 at the gateway to beautiful downtown Traverse City, one of the country's most desirable Midwest locations. US-31 is the main East-West Corridor through the Grand Traverse Region, known for its beaches on crystal blue waters, wineries, breweries, restaurants and many outdoor activities. The property consists of three separate lots, two vacant and one with an existing office building remaining. Also available as vacant 0.38 AC for $409,000 and 0.25 AC with the 1864 SF office building at $829,000. The adjacent property is also available for sale for an additional 1.25 Acres of land that can be combined with this offering for a major development piece.
Highlights
Home typeOther
StatusActive
Lot size0.63 Acres
MLS #78080010769
Virtual tour
Summary
- List Price: $1,238,000
- Annual Tax Amount: $16,312
- Tax Year: 2024
- Lot Size: 0.63 Acres
- MLS Number: 78080010769
- MLS Name: Aspire North REALTORS
- Office Name: Three West, LLC
- Office Phone: (231) 929-2955
- Listing Agent: Kevin L Endres
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Last updated on: 8/1/2025, 9:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $372,900 | $16,312 |
| 2023 | $192,200 | $- |
| 2022 | $284,100 | $15,564 |
| 2021 | $192,200 | $9,800 |
| 2020 | $180,300 | $9,612 |
| 2019 | $172,100 | $- |
| 2018 | $172,800 | $- |
| 2017 | $170,900 | $- |
History based on county public records data.
Nearby schools
4
Eastern Elementary School
Public District PK-5
0.7 mi
•1600 Eastern Ave
3
Traverse Heights Elementary School
Public District PK-5
1.0 mi
•933 Rose St
7
Central Grade Elementary School
Public District PK-5
1.5 mi
•301 7th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,795. The most common annual income of people living in Traverse City, MI is less than $<35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
45%
<35k
42%
35k-100k
11%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
9%
Single, with Kids
23%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
5%
12-17 yrs old
26%
18-34 yrs old
42%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Minor League Baseball Games
Figure Skating
Soccer
Where do the neighbors shop?
New York & Company
Chico's
Forever 21
Where do the neighbors go to eat?
Chick-fil-A
Bob Evans
Dominos Pizza
What do the neighbors drive?
Kia
Oldsmobile
Mazda
What do the neighbors listen to?
Talk/Personality
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1040 E Front St
The listing price of 1040 E Front St property is $1,238,000.
The property 1040 E Front St is land located in Traverse City, Michigan, 49686.
Active Listing: 1040 E Front St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1040 E Front St are: Eastern Elementary School (GreatSchools Rating 4/10), Traverse Heights Elementary School (GreatSchools Rating 3/10), Central Grade Elementary School (GreatSchools Rating 7/10), Tcaps Montessori School (GreatSchools Rating 9/10), Traverse City West Middle School (GreatSchools Rating 7/10), Traverse City East Middle School (GreatSchools Rating 6/10), Central High School (GreatSchools Rating 8/10), Traverse City High School (GreatSchools Rating 2/10), The Greenspire School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $16,312 (source: MLS/based on county public records data).
The property 1040 E Front St is 0.63 acres.
This home is located at 1040 E Front St in Traverse City, MI and zip code 49686. Features: 0 bathroom. It has been listed on Rocket Homes since September 5, 2023 and is currently priced at $1,238,000.
Traverse City, MI housing market in July 2025 saw over 20 listings sold above listed price, more than 31 sold at listed price and over 51 sold below. The inventory of homes for sale in Traverse City, MI between June and July 2025 increased by 4.7%. In July 2025, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $442,000.
From Rocket Homes Real Estate and based on county public records data.