520 Railroad Avenue, Traverse City, MI 49686
None · Grand Traverse County
Key Facts
Description
This 1.46 Acre development parcel sits in the center of Traverse City with multi-modal opportunities with easy motorized access east-west along E Eighth Street and north south along Woodmere Ave. and non-motorized access to the TART Trail and the newly constructed Boardman Lake Loop. There is also a BATA Bus Stop on Woodmere Avenue for a public transportation option. The site is ready to be built and would make a wonderful multi-family infill development that is close to shopping, transportation, recreation and restaurants. Includes two parcels. 520 Railroad Ave - Southwest corner of the intersection of Station St and Railroad Ave. 648 Railroad Place - Southwest corner of Railroad Ave and Railroad Place.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Lot Size
1.46 acres
Days on Market
536
MLS® Listing#
1925586
Property Features
Parking
Lot Features
Foundation
Roof
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$107,985
Parcel Number
28-51-634-033-04, 13
Directions
520 Railroad Ave - Southwest corner of the intersection of Station St and Railroad Ave.
Affordability Calculator
$315,000
Estimated monthly payment
$8,383/mo
Principal $1,260,000 · Est. interest $1,757,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Traverse City, MI
- $236,506
- Median Listing Price
- 59
- Median Days on Market
- 1,500
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 13,265
- Active Listings
- This home’s price is 566% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City, MI.
Location
Points of Interest in Traverse City, MI
Showing the Traverse City area map.
Nearby Schools
Traverse City Elementary School
Elementary · 0.4 mi away
Holy Angels Elementary School
Elementary · 0.7 mi away
Oak Park Elementary School
Elementary · 0.7 mi away
Traverse Heights Elementary School
Elementary · 0.7 mi away
St Francis High School
Secondary · 0.7 mi away
Grand Traverse Area Catholic Schools
Elementary · 0.7 mi away
Bethlehem Nursery School
Elementary · 0.8 mi away
Traverse Bay Mennonite School
School · 0.8 mi away
Central Grade School
Elementary · 0.9 mi away
Traverse City Central High School
Secondary · 1.1 mi away
Glenn Loomis Elementary School
Elementary · 1.1 mi away
Tcaps Montessori School
Elementary · 1.1 mi away
Traverse City Area Public Schools
Elementary · 1.2 mi away
Trinity Lutheran Church & School, LCMS
Elementary · 1.2 mi away
Eastern Elementary School
Elementary · 1.4 mi away
Traverse City Senior High School
Secondary · 1.4 mi away
Immaculate Conception Elementary School
Elementary · 1.4 mi away
Community Children's Center
School · 1.6 mi away
New Campus Center
School · 1.9 mi away
Traverse Bay Area Isd
School · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 30 W M-55, Tawas City, MI | $1,109,000 | — | 2 | 5,353 |
| 380 W Western Avenue Unit #2, Muskegon City, MI | $1,115,000 | — | 4 | 6,379 |
| 400 Webster Street 2C, Traverse City, MI | $1,121,937 | 3 | 3 | 1,570 |
| 12959 Talbot Lane, Huntington Woods City, MI | $1,124,900 | 4 | 4 | 3,903 |
| 512 Washington Road, Grosse Pointe City, MI | $1,125,000 | 6 | 6 | 6,800 |
| 3794 Shellmarr Lane, Bloomfield Hills City, MI | $1,125,000 | 6 | 6 | 5,204 |
Moving Cost Estimate
EXIT Agents in Traverse City
Listing Courtesy: Three West, LLC