Save
Ask
Hide
Share
$500,000

103 S Madison Street
Traverse City City, MI 49684

Land|Sold 02/28/2025
County:
GrandTraverse
Save
Ask
Hide
Share

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.

Save
Ask
Hide
Share
Listing Snapshot
Bedrooms 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
N/A
Lot Size 
0.45 Acres
Year Built 
N/A
MLS® Number 
78080014679
Status 
Sold
Property Tax 
$5,502.43
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a year agoListing updated with changes from the MLS®
General Features
Acres 
0.45
Disclosures 
Survey Not Available
Sewer 
None
Water Source 
None
Zoning 
Commercial, MultiFamily, Office, Residential
Save
Ask
Hide
Share
Exterior Features
Lot Features 
Cleared
Community Features
Community Features 
Sidewalks
Financing Terms Available 
CashConventional
MLS Area 
Area28042TraverseCity
School District 
TraverseCity
Schools
School District
TraverseCity
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Coldwell Banker Schmidt Traverse City: (231) 499-0529



IDX provided courtesy of Realcomp II Ltd. via AspireNorthREALTORS. Copyright © 2026 Realcomp II Ltd. Shareholders.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Hide
Share