110 Madison StTraverse City, MI 49684

For Sale
$619,900
Medical Office, 2504 SF, High-Demand Location

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional commercial property, located at 110 S Madison Street in Traverse City, Michigan, presents a unique investment opportunity. Situated on approximately 0.3 acres in the heart of Traverse City's hospital district, directly adjacent to Munson Medical Center, this 2,504 square foot office building offers significant potential. Currently configured as a medical office, the building boasts numerous individual exam rooms and offices, a spacious waiting and reception area, and two restrooms on the main floor. A substantial unfinished basement, totaling approximately 900 square feet, provides ample storage and includes an additional bathroom. The property's convenient location and ample parking, accommodating up to 13 vehicles, are key advantages. Zoned H-1, this versatile property allows for a range of uses, including continued medical use, professional office space, or even multi-family redevelopment, making it an attractive option for various investors. The asking price for this prime real estate is $619,900. The property's proximity to Munson Medical Center and its flexible zoning make it an ideal investment in a thriving Michigan community. This is a rare opportunity to acquire a well-located, established building with significant upside potential. The address is easily accessible, located west on Front Street from downtown Traverse City, turning left onto S Madison Street. The property will be on your right.

Highlights

  • $619,900 asking price.
  • 2,504 square foot office building on approximately 0.3 acres of land.
  • Located in Traverse City, MI, at 110 S Madison Street, near Munson Medical Center.
  • H-1 zoning allows for various uses, including medical, professional office, or multi-family redevelopment.
  • Features multiple exam rooms, offices, waiting area, two restrooms, and a 900 SF unfinished basement with additional storage and a bathroom.
  • Parking for up to 13 vehicles.

Property Details for 110 Madison St

Property type
Office properties, Land
Square Feet
2,504 SF

Location Insight

City
Traverse City
County
Grand Traverse
State
Michigan
Latitude
44.7630099
Longitude
-85.6432863
110 Madison St, Traverse City, Michigan

FAQs

What type of property is this?
Office property - Medical Office, 2504 SF, High-Demand Location
Where is the office property located?
The property is located at 110 Madison St Traverse City, MI.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: $619,900 asking price.; 2,504 square foot office building on approximately 0.3 acres of land.; Located in Traverse City, MI, at 110 S Madison Street, near Munson Medical Center.
How can I contact the broker?
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110 Madison St
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