7
See all 7 photos
$500,000
Est. payment /mo
0.45 Acres Lot
Contingent
103 S Madison Street Traverse City, MI 49684
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UPDATED:
01/15/2025 08:08 PM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 80014686
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions approx 182' x 107'
Property Description
Prime development parcel located right next to Munson Medical Center. This property is approximately 0.5 acres in size and has been used as a parking lot for many years (can accommodate up to 42 vehicles). With municipal water & sewer, this parcel is perfect for a multifamily development, medical office development, continued use as a parking lot, or many other uses allowed under H-1 zoning. Bring your ideas and take advantage of this excellent location! Sale of this property is contingent on sale of 224 Circle Dr (MLS #1919308). Seller will entertain offers on 103 S Madison St lot but reserves the right to wait until 224 Circle Dr is sold prior to selling 103 S Madison St lot.
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Multi-Family,Professional Office,Commercial,Residential
Interior
Heating None
Cooling None
Exterior
Parking Features Parking Lot
Building
Water Public Water
Others
Ownership Corporation
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt Traverse City