Oak Ridge Residential Development
For Sale
$1,990,000
203 Michigan Ave, Oak Ridge, TN 37830
5.73 acres of high-density residential land in Oak Ridge.
Property Size5 SF
Price / SF$398,000
Days on Market263
Property Features for 203 Michigan Ave
General Information
Standard status
Active
Size
5 SF
Property subtype
Land
Listing Agency:
SVN I Wood Properties
(865) 202-6767
Listed By:
Jon Roosen · License #366234
(865) 202-6767
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN I Wood Properties
Investment Insights
Based on property information with market context.
This 5.73-acre property, comprised of two contiguous parcels located at 203 Michigan Avenue and 141 W Madison Lane in Oak Ridge, Tennessee, is zoned R-3 (High Density Residential). The site is suitable for multifamily housing, senior living, townhomes, or medical-related residential uses. Its high visibility and proximity to existing medical infrastructure also make it an ideal candidate for assisted living facilities, medical offices with residential components, or wellness-focused communities. The property is located adjacent to the Methodist Medical Center. The surrounding area offers opportunities for high-density residential and medical developments, with proximity to local amenities. Nearby green spaces include Alvin K. Bissell Park, and the Manhattan Project National Historical Park. The location provides convenient access to I-140, I-40, and major medical hubs. Oak Ridge is home to Oak Ridge National Laboratory (ORNL) and Y-12 National Security Complex. The area needs more housing as companies continue to move and expand operations.
Key Highlights
- Prime location adjacent to Methodist Medical Center.
- Zoned R‑3 (High Density Residential), suitable for multifamily housing, senior living, townhomes, or medical‑related residential uses.
- Located in Oak Ridge, a thriving nuclear and advanced energy hub.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Explore this area
Business Placement
Demographics for 37830, TN
31,839
Population
15,110
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
84.8 sq mi
ZIP Area
375
Density / Sq Mi
$70,795
Median Household Income
$41,293
Median Earnings
$1,076
Median Rent
$234,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 5.73 acres of high-density residential land in Oak Ridge.
Where is this land located?
The property is located at 203 Michigan Ave Oak Ridge, TN.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Prime location adjacent to Methodist Medical Center.; Zoned R‑3 (High Density Residential), suitable for multifamily housing, senior living, townhomes, or medical‑related residential uses.; Located in Oak Ridge, a thriving nuclear and advanced energy hub.
