5500 Michigan Ave, Nashville, TN 37209, Nashville, 37209 - 1 bed, 1 bath
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Nashville, TN 37209
This property represents a High-Potential Investment Opportunity, listed at a List Price of $699,000—positioned at its $699,000 Fair Market Value. As a Land Value Asset, this acquisition requires the simultaneous purchase of 5502 Michigan Ave, providing a combined footprint of over 20,000 sqft in the high-demand Nations neighborhood. With a Condition Rating of 6, the existing structure serves as a placeholder for multi-unit redevelopment. This is a strategic acquisition ideal for Buy-and-Hold Investors or Residential Developers seeking significant scale in a rapidly appreciating urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5500 Michigan Ave Subject | $699,000* List Price | 1 | 1 | 1,000 | $699 | - |
A 5502 Michigan Ave Active | $699,000 List Price | 1 | 1 | 1,000 | $699 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1925 and nearly 100 years old with no mention of renovations. The listing explicitly states the property is being sold for land value, which fits the criteria for a tear-down.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 1000.
The property is sold for land value and includes an adjacent lot, totaling over 20,000 sqft, providing a massive footprint for multi-unit redevelopment in a high-demand area.
Situated in one of Nashville's most trendy and rapidly appreciating neighborhoods, the property offers excellent proximity to local breweries, dining, and urban amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =20038, other record lot size in square feet = 12632. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 918. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The sale is strictly contingent upon the simultaneous purchase of 5502 Michigan Ave, which increases the total capital requirement and limits flexibility for single-lot buyers.
Built in 1925 and marketed for land value, the existing structure likely requires demolition or a complete overhaul, making it unsuitable for traditional residential financing.
This property is being sold for land value and must be bought in conjunction with 5502 Michigan Ave. Listing price includes both properties. House is currently rented. Please do NOT disturb tenants.
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades PK-4 • 1.1 mi
Grades PK-4 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 4% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,000 | 1,658.5 | 18% |
| Lot Size | 20,038 | 7,405 | 91% |
| Price | $699.0K | $480.0K | 71% |
| Price per sq ft | $699 | $329 | 96% |
| Built year | 1925 | 1956 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 841 | 1% |
May 20, 2026
$699,000
Initial Listing