Development Land
520 Railroad Avenue, Traverse City, MI 49686
For Sale
$1,575,000
Under Contract
Commercial, Traverse City, MI
Property SizeContact for details
Lot Size1.46 Acres
Days on Market827
Property Features for 520 Railroad Avenue
General Information
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Legal Description
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
Kevin Endres · License #6505352968
(231) 534-5225
Added: Aug 5, 2024
Changed: Oct 8
Last Checked: Nov 9 at 4:06AM
MLS# 1925586
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This 1.46-acre development parcel is offered as two lots, including 520 Railroad Ave and 648 Railroad Place, and is described as ready to be built. The property is positioned for multi-modal access, supporting convenient motorized connections and non-motorized access to nearby trail systems.
The site has easy motorized access along E Eighth Street and along Woodmere Ave, with non-motorized access to the TART Trail and the newly constructed Boardman Lake Loop. A BATA bus stop is located on Woodmere Avenue, providing a public transportation option.
The assemblage is centered in Traverse City and is presented as suitable for multi-family infill development, with proximity to shopping, transportation, recreation, and restaurants noted in the remarks.
The site has easy motorized access along E Eighth Street and along Woodmere Ave, with non-motorized access to the TART Trail and the newly constructed Boardman Lake Loop. A BATA bus stop is located on Woodmere Avenue, providing a public transportation option.
The assemblage is centered in Traverse City and is presented as suitable for multi-family infill development, with proximity to shopping, transportation, recreation, and restaurants noted in the remarks.
Key Highlights
- 1.46‑acre development parcel in the center of Traverse City, includes two parcels.
- 520 Railroad Ave: southwest corner of Station St and Railroad Ave.
- 648 Railroad Place: southwest corner of Railroad Ave and Railroad Place.
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Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
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Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.46-acre development parcel offered as two lots with access via E Eighth Street and Woodmere Avenue.
Where is this residential land & home lot located?
The property is located at 520 Railroad Avenue 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, includes two parcels.; 520 Railroad Ave: southwest corner of Station St and Railroad Ave.; 648 Railroad Place: southwest corner of Railroad Ave and Railroad Place.
