$590,000
$619,900
4.8%For more information regarding the value of a property, please contact us for a free consultation.
110 S Madison Street Traverse City, MI 49684
2,504 SqFt
Key Details
Sold Price $590,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 2,504 sqft
Price per Sqft $235
MLS Listing ID 78080014470
Sold Date 05/30/25
Year Built 1956
Annual Tax Amount $13,456
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions irregular
Property Sub-Type Business Opportunity
Source Aspire North REALTORS®
Property Description
Great opportunity to purchase this prime office building located next to Munson Medical Center in the heart of Traverse City's hospital district. Featuring over 2,500 SF on approximately 0.3 acres, this property is built out as a medical office, and is perfect for continued medical use, professional office, multi-family redevelopment, or any number of other options allowed under the coveted H-1 zoning. The first floor of the building features numerous individual exam rooms & offices, a waiting and reception area, and 2 restrooms. The unfinished basement is approximately 900 SF in total and features a bathroom and plenty of storage space. The parking lot can accommodate up to 13 vehicles.
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Commercial,Multi-Family,Office,Other
Interior
Heating Forced Air
Heat Source Natural Gas
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Additional Building Other
Structure Type Block,Brick
Schools
School District Traverse City
Others
Tax ID 285186601700
Ownership Private Owned
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Unknown/Data Share Listings
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Bought with The Mitten Real Estate Group