520 Railroad Avenue Traverse City, MI ^$ 1,575,000

520 Railroad Avenue

^$ 1,575,000

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520 Railroad Avenue

Traverse City, MI, 49686

^$ 1,575,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 9,698

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Commercial Property for sale in Traverse City, MI

for $1,575,000. The lot size is 1.46.

This 1.46 Acre development parcel sits in the center of Traverse City with multi-modal opportunities with easy motorized access east-west along E Eighth Street and north south along Woodmere Ave. and non-motorized access to the TART Trail and the newly constructed Boardman Lake Loop. There is also a BATA Bus Stop on Woodmere Avenue for a public transportation option. The site is ready to be built and would make a wonderful multi-family infill development that is close to shopping, transportation, recreation and restaurants. Includes two parcels. 520 Railroad Ave - Southwest corner of the intersection of Station St and Railroad Ave. 648 Railroad Place - Southwest corner of Railroad Ave and Railroad Place.

Commercial Active

Price

^$ 1,575,000

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

1.46

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80049111

Features

General

Heating None

Cooling None

Possession At Close

Water Public Water

Status Active Accepting Backup Offers

Year Built 0

Subdivision None

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name None

Ownership Private

Municipality Traverse City

Section 11

Zoning Commercial

Sale/Rent For Sale

Status Detail 3

Area Traverse City (28021)

Location Corner Lot

Directions 520 Railroad Ave - Southwest corner of the intersection of Station St and Railroad Ave.

City Traverse City

Financial Terms Cash Commercial Loan Conventional

Legal Description Lengthy see documents.

DOM 536

Public Remarks

Exterior

Lot Size Area 1.46

Lot Dimensions Irregular see documents

* Excluded Features

List By

Kevin Endres

Listing Agent

Three West, Llc

Broker

kendres@threewest.com

Affordability Calculator

$9,698

Per Month

Monthly Principal & Interest: $9,698
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$641,772

Percent of Sale Price 59%

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
8/6/2024	$1,575,000		Listed Price

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520 Railroad Avenue, Traverse City, MI, 49686 is a Commercial Property for sale at $1,575,000 with a lot size of 1.46. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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520 Railroad Avenue

Commercial Property for sale in Traverse City, MI

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