103 S Madison Street, Traverse City, MI

Land for Sale - $500,000


Agent Info

Alex MacKenzie
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1155221
Location
  103 S Madison Street
  Traverse City MI 49684
UpdatedSeptember 19th, 2024
TypeLand
Price$500,000

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.


Financials


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