Want to know what’s cool about 321 Fair Street? Just about everything and it gets even better. The purchase price includes two additional vacant lots, 319 and 315 Fair Street, creating a rare in-town development opportunity in the heart of Traverse City. The main parcel features a 2-bedroom, 1.5-bath home on a spacious 50x165 lot with room to expand, add a garage, or possibly build an auxiliary dwelling unit (ADU). The two adjoining parcels open the door to even greater potential! The existing home offers bright, comfortable living spaces and an efficient layout, perfect for enjoying Traverse City living now while planning for the future. Located just steps from the Civic Center, TART Trail, schools, beaches, restaurants, and downtown shopping, this combined property delivers unbeatable walkability, flexibility, and long-term value. With city water, sewer, and natural gas available, these parcels are primed for your vision. Opportunities like this-three contiguous in-town lots with development potential are exceptionally rare in Traverse City. Don’t miss your chance to build, expand, or invest in one of the city’s most desirable locations.
Top-Rated School District
Open House
$810,000

321 Fair Street, Traverse City, MI, 49686

321 Fair Street, Traverse City, MI, 49686
BEDS
2
BATHS
2
SQUARE FT.
1,131
BUILT IN
1949
Time Advantage
Due to day on market:
4 DAYS

Property Details

Description

Want to know what’s cool about 321 Fair Street? Just about everything and it gets even better. The purchase price includes two additional vacant lots, 319 and 315 Fair Street, creating a rare in-town development opportunity in the heart of Traverse City. The main parcel features a 2-bedroom, 1.5-bath home on a spacious 50x165 lot with room to expand, add a garage, or possibly build an auxiliary dwelling unit (ADU). The two adjoining parcels open the door to even greater potential! The existing home offers bright, comfortable living spaces and an efficient layout, perfect for enjoying Traverse City living now while planning for the future. Located just steps from the Civic Center, TART Trail, schools, beaches, restaurants, and downtown shopping, this combined property delivers unbeatable walkability, flexibility, and long-term value. With city water, sewer, and natural gas available, these parcels are primed for your vision. Opportunities like this-three contiguous in-town lots with development potential are exceptionally rare in Traverse City. Don’t miss your chance to build, expand, or invest in one of the city’s most desirable locations.

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Key Details

Price per Sqft716.1803713527852
MLS Listing ID80063702
Square Footage1,131 Sqft
Lot Size0.55
Originating BoardRealcomp MLS
HOA FeeN/A

Location

StateMI
CountyGrand Traverse
AreaTraverse City
Zoning49686

Interior

Heating["Forced Air", "Natural Gas"]
Heat SourceNatural Gas

Exterior

PoolNo
Waterfrontno
Roof TypeN/A

Building

Lot DimensionsN/A
SewerSewer (Sewer-Sanitary)
WaterPublic (Municipal)
Structure Type

Others

Tax ID0824210132
Ownership
Acceptable FinancingCash, Conventional, VA

Schools / Nearby Schools

Top-Rated School DistrictTop-Rated
Source: GreatSchool.org © 2025. All rights reserved.
Walkability Score
8 / 10
Alameda High School
High School
Walkability Score
7 / 10
Lincoln Middle School
Middle School
Walkability Score
8 / 10
Frank Otis Elementary School
Elementary School
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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The data relating to real estate properties on this website was last updated as recently as 12/26/2025 11:00:00 PM EST.

Listing Information presented by local MLS brokerage: GoodHome Realty and MLS, Inc., REALTOR® - Quinton Lemond - (248) 928-4992.