103 Madison StTraverse City, MI 49684

Property Details for 103 Madison St

Lot size

0.45 AC

Property type

Commercial land

APN

51-758-026-00

APU

5175802600

Description

This exceptional 0.5-acre mixed-use parcel, located at 103 S Madison Street in Traverse City, Michigan (49684), presents a unique development 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. Currently utilized as a parking lot with capacity for approximately 42 vehicles, the site offers significant potential for various developments. The property benefits from readily available municipal water and sewer services. Its H-1 zoning allows for a wide range of uses, including multifamily housing, medical office buildings, or continued operation as a parking facility. Investors will appreciate the strategic location and the potential for high returns. The sale of this property is contingent upon the sale of a separate property (MLS #1919308). While offers on 103 S Madison Street will be considered, the seller reserves the right to finalize the sale after the sale of the aforementioned property. This presents a compelling investment opportunity for developers seeking a prime location in a thriving Michigan community.

Location Insight

City

Traverse City

County

Grand Traverse

State

Michigan

Latitude

44.7633

Longitude

-85.6425

CBSA code

45900

CBSA name

TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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