Discover the potential of this 4.97 acre parcel located just minutes from downtown Traverse City. Zoned Agricultural, this versatile property offers a wide range of uses, whether you're dreaming of a hobby farm, building your dream home or establishing a business that benefits from generous land use and excellent visibility. With frontage along North Keystone Road, this property enjoys high traffic exposure while maintaining a peaceful, open-country setting. Enjoy rolling terrain, mature trees, views of the Boardman Valley and the freedom to create the lifestyle or investment you envision. Rare opportunity with ample space, a desirable location and flexible zoning. This property offers a blank canvas in one of Northern Michigan's most sought after regions.
Vacant landProperty Type
4.97 acresLot Size
$22,133Price/Acres
Listed by Danielle Jerome• Coldwell Banker Schmidt Traverse City
•231-922-2350 (broker)
•tracy@schmidthq.com (broker)
Listed by Karen Schmidt• Coldwell Banker Schmidt Traverse City
Property is north of Hammond and Keystone on the east side of Keystone
No water features listed
No sewer/septic listed
Home design
Vacant land / Dockominium
Commercial zoning
Construction
Approximately 4.97 acres
Utilities
Cable available
Electricity available
Natural gas available
Water available
Sale and tax history for 2050 N Keystone
Sale History
Tax History
Date
Event
Price
REALCOMP #78080059226
Jul 30, 2026
Price Changed
$110,000
May 13, 2026
Price Changed
$120,000
Oct 10, 2025
Price Changed
$130,000
Sep 10, 2025
Price Changed
$140,000
Jul 2, 2025
Listed
$150,000
+31
Discover the potential of this 4.97 acre parcel located just minutes from downtown Traverse City. Zoned Agricultural, this versatile property offers a wide range of uses, whether you're dreaming of a hobby farm, building your dream home or establishing a business that benefits from generous land use and excellent visibility. With frontage along North Keystone Road, this property enjoys high traffic exposure while maintaining a peaceful, open-country setting. Enjoy rolling terrain, mature trees, views of the Boardman Valley and the freedom to create the lifestyle or investment you envision. Rare opportunity with ample space, a desirable location and flexible zoning. This property offers a blank canvas in one of Northern Michigan's most sought after regions.
MiRealSource-MiMLS #80059226
Jul 30, 2026
Price Changed
$110,000
May 13, 2026
Price Changed
$120,000
Oct 10, 2025
Price Changed
$130,000
Sep 10, 2025
Price Changed
$140,000
Jul 2, 2025
Listed
$150,000
Public Records
May 15, 2025
Sold
$318,000
Greater Lansing AoR #80055526
May 1, 2025
Sold
$50,500
Apr 7, 2025
Listed
$52,500
REALCOMP #78080055052
May 16, 2025
Sold
$318,000
Apr 7, 2025
Contingent
—
Mar 24, 2025
Listed
$315,000
Greater Lansing AoR #80055052
May 16, 2025
Sold
$318,000
May 16, 2025
Sold
$318,000
Apr 7, 2025
Contingent
—
Mar 23, 2025
Listed
$315,000
Mar 23, 2025
Listed
$315,000
Discover a unique opportunity with this versatile property, built in 1969. This home offers three spacious bedrooms and two baths on a generous 3.5-acre lot, complete with a detached three-car garage—ideal for storage, hobbies, or a workshop. Zoned to allow further splits per township regulations, it presents attractive potential for developers looking to maximize value or families seeking an affordable home close to Traverse City. Nature lovers will appreciate the property's close proximity to scenic hiking trails along the Boardman River, where you can enjoy peaceful walks, mountain biking, or simply immerse yourself in the natural beauty of the area. Meanwhile, modern conveniences are never far away, with a variety of grocery stores and shopping centers just minutes from your doorstep—offering everything from everyday essentials to unique local finds. Enjoy the best of both worlds: expansive, living with the urban amenities you desire, all just outside Traverse City’s city limits.
Year
Property tax
Land + Additions
Assessment*
2025
$1,125 (−31.7%)
2024
$1,648 (+5.1%)
2023
$1,568 (+4.2%)
2022
$1,505 (+3.4%)
2021
$1,455 (+0.9%)
2020
$1,442 (−0.2%)
2019
$1,445
Public record
Beds
3
Baths
1.5
Stories
1.5
Lot width
—
Lot depth
—
Lot size
3.51 Acres
Year renovated
—
Finished Sq. Ft.
840
Unfinished Sq. Ft.
—
Total Sq. Ft.
840
Year built
1969
Style
Single Family Residential
County
Grand Traverse County
APN
05-023-029-05
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 3, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 94° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Traverse City, MI • 49686
Average low and high temperatures (°F)
27
16
32
18
43
27
55
35
63
43
76
57
80
62
77
59
75
55
64
45
47
35
33
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
53/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.1 hrs
2.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2050 N Keystone
$102,822
$7,178 under list price of $110K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $23K to $325K.