7
See all 7 photos
$500,000
Est. payment /mo
0.45 Acres Lot
Accepting Backup Offers
103 S Madison Street Traverse City, MI 49684
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
02/07/2025 04:21 PM
Key Details
Property Type Vacant Land
Listing Status Accepting Backup Offers
Purchase Type For Sale
MLS Listing ID 78080014679
Originating Board Aspire North REALTORS®
Annual Tax Amount $5,502
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
Area Traverse City
Zoning Commercial,Multi-Family,Office,Residential
Exterior
Road Frontage Pub. Sidewalk
Building
Sewer Other/None
Water None
Schools
School District Traverse City
Others
Tax ID 285175802600
Ownership Corporate/Relocation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
©2025 Realcomp II Ltd. Shareholders
Listed by Alex MacKenzie of Coldwell Banker Schmidt Traverse City