103 Madison StTraverse City, MI 49684

This exceptional 0.5-acre vacant land parcel, located at 103 S Madison Street in Traverse City, Michigan, presents a unique investment opportunity. Situated conveniently west of downtown Traverse City, just off Front Street and directly adjacent to Munson Medical Center, this property boasts a highly desirable location. Previously utilized as a parking lot with capacity for up to 42 vehicles, the site offers significant potential for various development projects. The property benefits from readily available municipal water and sewer services. Its H-1 zoning allows for a wide range of uses, making it ideal for multifamily housing, medical office buildings, or continued use as a parking facility. The asking price is $500,000. It's important to note that the sale of this property is contingent upon the sale of a separate property (MLS #185177). While offers on 103 S Madison Street will be considered, the seller reserves the right to finalize the sale after the sale of the contingent property. This prime location, coupled with its versatile zoning and existing infrastructure, makes this a compelling investment prospect for discerning buyers. The property's address is 49684, Grand Traverse County, MI. The geographic coordinates are latitude 44.7632679 and longitude -85.642503.