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    103 S Madison St Traverse City, MI 49684

    For Sale
    $600,000

    land - TRAVERSE CITY, MI

    Type:Condominium
    Lot size:
    0.45 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 103 S Madison St

    General Information

    Property type
    Land
    Property subtype
    Condominium
    Standard status
    Active
    Lot size
    0.45 Acres

    Building Details

    Architectural style
    Other

    Coldwell Banker Schmidt Family Of Companies [email protected]

    Listing agent Daniel Stiebel (866) 603-5140

    Listing date Nov 8, 2025

    MLS# 1933608 Listing URL

    Copyright © 2025 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Development Parcel Near Hospital

    This 0.45-acre commercial land parcel is located in downtown Traverse City, Michigan, near Munson Hospital. The lot features 106 feet of frontage on Madison Street and extends 182 feet in depth. Zoned H-1, the site is suitable for multi-family housing, condos, medical facilities, offices, or mixed-use developments. Municipal water and sewer services are available. An adjacent property at 224 Circle Drive is also available for sale and development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6425367
    Latitude
    44.7632713

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    FAQs

    What type of property is this?
    Commercial land - 0.45 acre lot suitable for multi-family or mixed-use development.
    Where is this commercial land located?
    The property is located at 103 S Madison St Traverse City, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime downtown location near Munson Hospital and Front Street.; - Versatile 0.45 acre lot suitable for multi-family, condos, medical, office, or mixed-use development.; - H-1 zoning allows for a variety of development options.
    (866) 603-5140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 S Madison St Traverse City, MI 49684
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