461 Munson Avenue
Traverse City, MI 49686
$9,000,000
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0 Beds
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0 Baths
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n/a SqFt
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Rare opportunity in downtown Traverse city, with commercial HR zoning, a large 63 unit building and a large property - a block from the public beach! This property was originally developed as a hotel (with 70 units), operated as senior living for many years, and is now ready for a new owner to create apartments, condos, operate as a hotel or long term care facility, or to create something all their own. With a large commercial kitchen, huge dining room, many common lounges, on-site commercial laundry, fiber optic internet installed and ready, a lovely back patio, expansive grounds and nicely outfitted units, this property has many things going well! There is potential to easily add up to seven additional units within the current building, and the property and building size could allow for added amenities too. This is an exciting property - bring your creativity!
- Price:
- $9,000,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- n/a
- Acreage:
- 1.87
- Year Built:
- 1995
- MLS #:
- 78001334894
- Street Address:
- 461 Munson Avenue
- City:
- Traverse City
- State:
- MI
- Postal Code:
- 49686
- County:
- Grand Traverse
- Area:
- Traverse City
- Subdivision:
- Traverse Victorian Hotel
- School District:
- Traverse City
- Listing Status:
- For Sale - Active
Building
- Exterior Features:
- Fenced
- Foundation Material:
- Poured
- Interior Features:
- Elevator/
Lift
- Porch Description:
- Patio
- Stories:
- 2 Story
- Year Built:
- 1995
Land
- Conforms To Zoning:
- Commercial
Listing
- Days On Market:
- 159
- Financing Options:
- Cash, Trade/
Exchange
Systems
- Existing Water:
- Public (municipal)
- Heating:
- Forced Air
- Heating Fuel:
- Natural Gas
- Sewage Type:
- Public Sewer (sewer-Sanitary)
Source
IDX provided courtesy of Realcomp II Ltd., via Top Agent Realty and Aspire North REALTORS, ©2023 Realcomp II Ltd. Shareholders
