110 S Madison Street Traverse City, MI ^$ 750,000

110 S Madison Street

^$ 750,000

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110 S Madison Street

Traverse City, MI, 49684

^$ 750,000

Studio Baths0.0 Sq 2,504

Monthly Estimate*

^$ 5,239

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Studio

Commercial Property for sale in Traverse City, MI

for $750,000. This 2,504 square foot building was built in 1956 on a lot size of 0.3.

Great opportunity to purchase this solid medical office property located in close proximity to Munson Medical Center in the heart of Traverse City's hospital district. Featuring over 2,500 SF on approximately 0.3 acres, this property is perfect for continued medical office use, multi-family redevelopment, or any number of other options allowed under the coveted H-1 zoning. The first floor of the building features numerous exam rooms & offices, a waiting and reception area, and 2 restrooms. The unfinished basement is approximately 900 SF in total and features a bathroom and plenty of storage space. The parking lot can accommodate up to 13 vehicles.

Commercial Active

Price

^$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 13,456

Style

Business

Lot Size

0.3

Year Built

1956

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80014470

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Year Built 1956

Parking 11-20 Spaces Parking Lot

Subdivision N/A MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Business

Business Name N/A

Percent Ownership Private

Municipality Traverse City

Section 4

Zoning Multi-Family Professional Office Commercial Other

Commercial Features Bath

Area Traverse City (28021)

Primary City Traverse City

Location Corner Lot

Directions West on Front St from Downtown Traverse City left on S Madison St property will be on your right

City Traverse City

Street Name Madison

Financial Terms Cash Commercial Loan

Legal Description LOT 19 WESTBROOK ADD

DOM 85

Postal Code 49684

Price Per Sq Ft 299.52

Coming Soon Great opportunity to purchase this solid medical office property located in close proximity to Munson Medical Center in the heart of Traverse City's hospital district. Featuring over 2

Exterior

Exterior Block Brick

Lot Size Area 0.3

Lot Dimensions irregular

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Alex MacKenzie

Listing Agent

Coldwell Banker Schmidt-522

Broker

alex.mackenzie@cbsrcommercial.com

Affordability Calculator

$6,360

Per Month

Monthly Principal & Interest: $5,239
Monthly Property Taxes: $1,121
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$576,571

Percent of Sale Price 23%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/5/2024	$750,000		Listed Price

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110 S Madison Street, Traverse City, MI, 49684 is a Commercial Property for sale at $750,000 with 2,504 sqft and a lot size of 0.3. 110 S Madison Street is a studio with 0.0 baths and was built in 1956. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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110 S Madison Street

Commercial Property for sale in Traverse City, MI

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