Development Land
For Sale
Under Contract
$1,575,000
520 Railroad Avenue, Traverse City, MI 49686
COMMERCIAL - Traverse City, MI
Property SizeContact for details
Lot Size1.46 Acres
Days on Market735
Property Features for 520 Railroad Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner Lot
Directions
520 Railroad Ave - Southwest corner of the intersection of Station St and Railroad Ave.
Subdivision
Grand Traverse
Standard status
Active Under Contract
Lot size
1.46 Acres
Taxes and HOA fees
Tax Description
Lengthy see documents.
Legal Description
Lengthy see documents.
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
Kevin Endres · License #6505352968
(231) 534-5225
Added: Aug 5, 2024
Changed: Aug 4
Last Checked: Aug 9 at 1:06PM
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.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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.
