About 103 S Madison Street
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.
Features of 103 S Madison Street
| MLS® # | 1919310 |
|---|---|
| Price | $500,000 |
| Bathrooms | 0.00 |
| Acres | 0.45 |
| Type | Commercial |
| Sub-Type | Mixed Use, Commercial Sale |
| Status | Active |
| Association | N/A |
Community Information
| Address | 103 S Madison Street |
|---|---|
| Subdivision | N/A |
| City | Traverse City |
| County | Grand Traverse |
| State | Michigan |
| Zip Code | 49684 |
Amenities
| Utilities | WATER: Municipal Water SEWER: Municipal |
|---|---|
| Features | Other |
| Parking | Parking Lot |
| Is Waterfront | No |
Interior
| Heating | None, None |
|---|---|
| Has Basement | No |
| Basement | None |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | approx 182' x 107' |
| Roof | None |
| Construction | None |
Additional Information
| Date Listed | February 14th, 2024 |
|---|---|
| Days on Market | 73 |
| Zoning | Residential, Multi-Family, Office, Commercial, Special Use |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt-522 |
|---|