5011 Michigan Ave

Active

Nashville, TN 37209

Bedrooms
0
Bathrooms
0.00
Sq Ft
0.3800
Acres
Updated 37 minutes ago MLS #: 2635597 Listed 1 year ago

$4,000,000.00

Est. Monthly: $19,305.80

About This Property

Metro ordinance changes have recently eliminated height restrictions, setbacks, and unit density limits in The Nations, significantly enhancing development flexibility and investment potential. This offering includes two combined, commercially zoned lots with 150’ of frontage on 51st Ave N, 110’ on Michigan Ave, plus alley access, all in one of Nashville’s most walkable and high-visibility corridors. Build right up to the sidewalks and as tall as desired—ideal for mixed-use, live/work, or multi-family development. Surrounded by successful neighboring projects, including retail storefronts with residential units above along 51st Ave and Centennial Blvd. The sellers have closed their auto body repair business. Property is being sold AS-IS for land and buildings only. No leasing or owner financing offered. Showings by appointment only with the owner present for access. Also known as 910 51st Ave N. A rare opportunity in a rapidly transforming neighborhood now open to unprecedented by-right development.

Location

Directions I-40 WEST to 46th Ave Exit to RIGHTon 51st Ave to RIGHT on Michigan Avenue.

Interior Features

Exterior & Property

Schools

Property Details

Property Type Commercial Sale
Property Sub Type Mixed Use
Year Built 1978
Listing Office Exit Realty Elite
Listing Agent Tiffany Burton
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2025-09-01T00:33:58+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Market Insights

Explore market data for Nashville

Nashville Market

City-wide statistics

Explore Nashville
4682
Active Listings
$825,732.61
Avg Price
2,112
Avg Sq Ft
3.0
Avg Bedrooms

No Neighborhood Data

This property doesn't have specific neighborhood information available.

Price History

Recent price changes for this property

Aug 2, 2025
Price Increase
$38,500.00 → $40,000.00
+$1,500.00
Sep 30, 2024
Price Decrease
$39,750.00 → $38,500.00
$1,250.00
May 15, 2024
Price Decrease
$45,000.00 → $39,750.00
$5,250.00

Property History

Timeline of listing events and status changes

Sold

MLS# 2635606

Property sold and closed

4 weeks ago • Aug 3, 2025

522 days on market

$4,000,000.00

Originally: $4,500,000.00

Currently Listed

MLS# 2635597

Currently active listing

1 year ago • Mar 27, 2024

522 days on market

$4,000,000.00

Originally: $4,500,000.00

Explore the Area