MI > Grand Traverse > Traverse City > 103 S Madison Street
  • 0.45 Acres
  • MLS# 1919309
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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.

Property Information

Status
Active 
Address
103 S Madison Street 
City
Traverse City 
Zip
49684 
Lot Description
Cleared, Corner Lot, Level 
Lot Dimensions:
approx 182' x 107' 
Zoning
Commercial, Multi-Family, Office, Parking Lot, Residential, Special Use
Water
Municipal Water 
Listing Date
02/14/2024 
County
Grand Traverse 
Waterfront Desc
None 

School Information

School District
Traverse City 

Taxes

Taxes
$5,502 
Summer Taxes
$5,087 
Winter Taxes
$414 

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  • Market Statistics
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1919310 Active Feb 14 2024 2:34PM $500,000 73
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MITAAR Logo

Listing Courtesy of Coldwell Banker Schmidt-522
Office Address 522 E Front St

103 S Madison Street Traverse City
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$500,000
For Sale • Acres: 0.45 • School District: Traverse City