Under Contract
520 Railroad Avenue, Traverse City, MI 49686
$1,575,000
MLS # 1925586 (Northern Great Lakes REALTORS® MLS)
Built 01.46 acres
1 / 17
Listing 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.
Source: SparkMLS
About this home
Currently offered at $1,575,000.
Electric service is provided by Traverse City Light & Power; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size1.46 acres
Year Built0
Location
CityTraverse City
MunicipalityTraverse City
Zip Code49686
CountyGrand Traverse County
Construction & Systems
SewerPublic
Sale & Financing
Listed8/4/2024
Source: SparkMLS
Tax Information
Source: SparkMLS
Legal Description
Lengthy see documents.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Kevin L Endres
Three West, LLC
Frequently Asked Questions about 520 Railroad Avenue, Traverse City, MI 49686
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 520 Railroad Avenue, Traverse City, MI 49686 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 520 Railroad Avenue, Traverse City, MI 49686 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 520 Railroad Avenue, Traverse City, MI 49686?
Per Michigan Public Service Commission service territory data: Electric: Traverse City Light & Power. Gas: DTE Gas Company. Sewer: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Traverse City police department or the Grand Traverse County County sheriff's office.
Map
Mortgage Calculator
$
%
$
$
$
Monthly payment$10,215
Principal & interest$10,215
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Traverse City Light & Power
Municipal
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
520 Railroad Avenue, Traverse City, MI 49686
View full property history →
Municipality
Traverse City
View all listings →
Get email alerts for new listings near 520 Railroad Avenue
We'll notify you when something hits the market in Traverse City or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.