Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    520 Railroad Ave Traverse City, MI 49686

    For Sale
    $1,575,000

    None - Traverse City, MI

    Lot size:
    1.46 Acres
    Days on Market:
    301
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 520 Railroad Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Lot size
    1.46 Acres

    Building Details

    Roof type
    None
    Architectural style
    Other

    Three West, LLC (231) 929-2955 [email protected]

    Listing agent Kevin Endres (231) 929-2955

    Listing date Feb 17, 2025

    MLS# 1925586 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Parcel in Traverse City

    This 1.46-acre commercial development parcel is situated in the center of Traverse City, Michigan. It offers multi-modal opportunities with convenient motorized access along E Eighth Street (east-west) and Woodmere Avenue (north-south). Non-motorized access is available to the TART Trail and the newly constructed Boardman Lake Loop. A BATA Bus Stop on Woodmere Avenue provides a public transportation option. The site is ready for construction and is suitable for a multi-family infill development. The location provides close proximity to shopping, transportation, recreation, and restaurants. The property includes two parcels: 520 Railroad Ave, located at the southwest corner of the intersection of Station St and Railroad Ave, and 648 Railroad Place, situated at the southwest corner of Railroad Ave and Railroad Place.
    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 Building Supply Auto Repair Shop Clothing Store

    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
    -85.608653711639
    Latitude
    44.75850676332

    Nearby Similar for Sale

    • $4,240,000
      11,807 SF

      Traverse City Bed & Breakfast

      Legacy property with 9 bedrooms, 15 bathrooms, and carriage house.
      230 Wellington St, Traverse City, MI 49686
      View Details
    • $1,250,000
      5,545 SF

      Traverse City Adult Foster Care

      Adult foster care/nursing home with 12 private bedrooms included.
      5840 Culver Rd, Traverse City, MI 49685
      View Details
    • $3,500,000
      10,404 SF

      Four-Season Resort in Traverse City

      40-acre resort with lodging, dining, recreation, and event hosting.
      6841 Brown Bridge Rd, Traverse City, MI 49696
      View Details
    • $1,890,000
      3,464 SF

      Historic Traverse City Building Opportunity

      Unique property in prime location for business and residential use.
      601 Randolph St, Traverse City, MI 49684
      View Details
    • $1,499,000
      11,486 SF

      Traverse City Medical/Office Building

      11,486 SF medical/office building near Munson Hospital.
      5123 N Royale Dr, Traverse City, MI 49684
      View Details
    • $1,100,000
      3,144 SF

      Three Downtown Traverse City Homes

      Three income-producing properties in downtown Traverse City.
      637 E 8Th St, Traverse City, MI 49686
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.46 acre development parcel in central Traverse City.
    Where is this commercial land located?
    The property is located at 520 Railroad Ave Traverse City, MI.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - 1.46 acre development parcel in the center of Traverse City.; - Multi-modal transportation options: motorized access on E Eighth Street and Woodmere Ave.; - Non-motorized access to the TART Trail and Boardman Lake Loop.
    (231) 929-2955
    Request Owner's contact information
    520 Railroad Ave Traverse City, MI 49686
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    520 Railroad Ave
    Traverse City, MI 49686
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    520 Railroad Ave Traverse City, MI 49686
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.