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461 Munson Avenue

Traverse City, MI 49686
  • $9,000,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 1902678
UPDATED: 49 min ago
$9,000,000
  • 0
    BEDS
  • 1.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,711
    SQFT
  • $275
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1995
County:

School Ratings & Info

Description

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 developed as a hotel, operated as senior living for many years, and is now ready for a new owner to create apartments, condos, or to create something all their own. With a large commercial kitchen, huge dining room, many common lounges, on-site commercial laundry, 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 six 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!

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-08-14T10:52:12.537.
www.housestraversecity.com/homes/130990681
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461 Munson Avenue Traverse City, MI 49686

  • Price: $9,000,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 49 min ago
  • MLS #: 1902678
0
Beds
0
Baths
0
½ Baths
1.87
Acres
32,711
SQFT
$275
$/SQFT
1995
Built
Neighborhood:
Traverse Victorian Hotel
County:
Grand Traverse
Area:
Grand Traverse
Property Description
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 developed as a hotel, operated as senior living for many years, and is now ready for a new owner to create apartments, condos, or to create something all their own. With a large commercial kitchen, huge dining room, many common lounges, on-site commercial laundry, 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 six 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!
Exterior Features

Construction Frame Exterior Features Vinyl Foundation Poured Concrete Lot Dimensions Irregular Parking Parking Lot Parking Spaces 70 Road Public Maintained Roof Asphalt

Interior Features

Heating Cooling Type Ductless A/CForced AirWall

Property Features

Business Incl No Business Name N/A Deeded Waterfront No Documents On File Other Eco Features No Extras ElevatorSecurity System Heating Cooling Source ElectricNatural Gas Included In Lease None Inventory Incl No Licenses Other Listing Agreement Type Exclusive Right To Sell Location Corner LotFreestanding Possession At Closing Present Use NoneOther Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 1 Sewer Municipal Taxable Value 1225899 Terms 1031 ExchangeCashCommercial Loan Township Traverse City Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free Bathroom SinkElevatorGrab BarsHand RailsKitchen SinkLow Threshold ShowerMain Floor AccessWidened Doors Vacant Land No Water Municipal Water Year Remodeled 2013 Zoning Commercial

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Homewaters, Llc: 877-820-1194.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-08-14T10:52:12.537.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684