103 S Madison Street Traverse City, MI ^$ 500,000

103 S Madison Street

^$ 500,000

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103 S Madison Street

Traverse City, MI, 49684

^$ 500,000

Studio Baths0.0

Monthly Estimate*

^$ 3,493

103 S Madison Street, Traverse City, MI 49684 - Image 1

103 S Madison Street, Traverse City, MI 49684 - Image 2

103 S Madison Street, Traverse City, MI 49684 - Image 3

103 S Madison Street, Traverse City, MI 49684 - Image 4

103 S Madison Street, Traverse City, MI 49684 - Image 5

103 S Madison Street, Traverse City, MI 49684 - Image 6

103 S Madison Street, Traverse City, MI 49684 - Image 7

Studio

Commercial Property for sale in Traverse City, MI

for $500,000. The lot size is 0.45.

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.

Commercial Active

Price

^$ 500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Mixed Use

Lot Size

0.45

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1919310

Features

General

Roof None

Zoning Residential Multi-Family Office Commercial Special Use

Sewer Municipal

Construction None

Interior

Basement None

Exterior

Exterior Features None

* Excluded Features

List By

Coldwell Banker Schmidt-522

Broker

(231) 499-0529

Phone

Affordability Calculator

$3,493

Per Month

Monthly Principal & Interest: $3,493
Monthly Property Taxes: --
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 ^$573,253

Percent of Sale Price 15%

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.

2034270 Elementary School

2034440 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/14/2024	$500,000		Listed Price

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103 S Madison Street, Traverse City, MI, 49684 is a Commercial Property for sale at $500,000 with a lot size of 0.45. 103 S Madison Street is a studio with 0.0 baths. 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.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern Great Lakes REALTORS® MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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103 S Madison Street

Commercial Property for sale in Traverse City, MI

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