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Listed by Alex MacKenzie • Coldwell Banker Schmidt Traverse City
$500,000
Est. payment /mo
0.45 Acres Lot
Contingency
103 S Madison Street Traverse City, MI 49684
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UPDATED:
02/07/2025 02:50 PM
Key Details
Property Type Vacant Land
Sub Type Vacant Lot/Land
Listing Status Contingency
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 1919309
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 #185177). 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
Exterior
Exterior Feature Sidewalks, Other, Development Property
Road Frontage Public Maintained, Blacktop
Building
Water Municipal Water
Schools
School District Traverse City Area Public Schools
Others
Tax ID 28-51-758-026-00
Ownership Corporate Owned