103 S Madison Street
Traverse City, MI 49684
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
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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.
Last checked:
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Last updated Mar 7, 2025
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MLS# 1919309 —
The Building
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Eco Features:no
Financial & Terms
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Financing:Cash
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Terms:Conventional, Cash, Other
Location
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Latitude:44.7632438835899
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Longitude:-85.6424334920654
The Property
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Lot Dimensions:approx 182' x 107'
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Land Features:Level, Cleared, Corner Lot
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Acres:0.45
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Zoning Use:Residential, Multi-Family, Commercial, Office, Special Use, Parking Lot
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Commercial:Yes
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Exterior Features:Sidewalks, Other, Development Property
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Deeded Waterfront:no
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Water Features:None
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Road:Public Maintained, Blacktop
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Mineral Rights:Unknown
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Price Per SqFt:1111111.11
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Manufactured Allowed:No
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (231) 922-2350
Taxes
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Tax ID:28-51-758-026-00
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Summer Taxes:$5,087.75
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Winter Taxes:$414.68
Utilities
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Utilities Available:Cable TV, Electric, Cable Internet, Natural Gas, Telephone
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Water Available:Municipal Water
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Water Installed:None
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Waste Installed:None
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Waste available:Municipal
Schools
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School District:Traverse City Area Public Schools
The Community
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Subdivision:MI
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Development Amenities:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/15/25
Jan 15, 2025
|
REALCOMP | $500,000 | ||
|
11/27/24
Nov 27, 2024
|
REALCOMP | $500,000 | ||
|
2/14/24
Feb 14, 2024
|
Listed / Active | NGLRMLS | $500,000 |
