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.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Schmidt-402
Listing Agent: Alex MacKenzie
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Sidewalks, Other, Development Property
Lot Features
Lot Information:
Lot: Level, Cleared, Corner Lot
Lot Size: 0.45 Acres
Other
Directions Information:
Directions: West on Front St from Downtown Traverse City, left on S Madison St, property will be on your left
Price Information
Listing Price Info
Price Summary:
List Price: $500,000
Tax Information:
Annual Amount: $5,068
Tax Year: 2021
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See how this home compares to others in Traverse City, MI.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Willow Hill Elementary School
1250 Hill St
Distance between this listing and this school0.51 miles
Public District Grades PK-5
7
/10
Central Grade Elementary School
301 7th St
Distance between this listing and this school0.87 miles
Public District Grades PK-5
3
/10
Traverse Heights Elementary School
933 Rose St
Distance between this listing and this school2.35 miles
Public District Grades PK-5
Nearby Schools
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school0.86 miles
Public District Grades PK-7
7
/10
Traverse City West Middle School
3950 Silver Lake Rd
Distance between this listing and this school1.58 miles
Public District Grades 6-8
6
/10
Traverse City East Middle School
1776 3 Mile Rd N
Distance between this listing and this school5.77 miles
Public District Grades 6-8
Nearby Schools
6
/10
The Greenspire School
1026 Red Dr
Distance between this listing and this school0.84 miles
Public Charter Grades 6-12
8
/10
West Senior High School
5376 N Long Lake Rd
Distance between this listing and this school2.39 miles
Public District Grades 9-12
8
/10
Central High School
1150 Milliken Dr
Distance between this listing and this school2.67 miles
The neighbors living near this home have an average income of $50,142. The majority of Traverse City, MI residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 103 S Madison St
What is the listing price of this property?
The listing price of 103 S Madison St property is $500,000.
What type of property is this?
The property 103 S Madison St is land located in Traverse City, Michigan, 49684.
Is this property for sale now?
Active Listing: 103 S Madison St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,068 (source: MLS/based on county public records data).
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This home is located at 103 S Madison St in Traverse City, MI and zip code 49684. This home sits on a 0.45 acre lot. It has been listed on Rocket Homes since February 14, 2024 and is currently priced at $500,000.
In November 2024, from all listings sold in Traverse City, MI there were more than 8 sold above asking price, over 54 sold below and more than 20 were sold right at the asked price. The number of listings in Traverse City, MI decreased by 8.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 84 days, the median list price was $450,000.
From Rocket Homes Real Estate and based on county public records data.
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