Skip To Content

461 Munson Avenue

Traverse City, MI 49686
  • $8,500,000
  • STATUS: Active
  • ON SITE: 145 Days
  • MLS #: 1917935
UPDATED: 80 min ago
$8,500,000
  • 0
    BEDS
  • 1.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,711
    SQFT
  • $260
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1995
County:

School Ratings & Info

Description

Rare opportunity in downtown Traverse city, with commercial HR zoning, a large 63-70 unit building and a large property, bound by five city streets - a block from the public beach! This property was originally developed as a hotel (with 70 units), leased to a senior living operation 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!

Monthly Payment Calculator



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-25T07:52:08.943.
www.housestraversecity.com/homes/145678591
Print Image

461 Munson Avenue Traverse City, MI 49686

  • Price: $8,500,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 80 min ago
  • MLS #: 1917935
0
Beds
0
Baths
0
½ Baths
1.87
Acres
32,711
SQFT
$260
$/SQFT
1995
Built
Neighborhood:
Traverse Victorian Hotel
County:
Grand Traverse
Area:
Grand Traverse
School District:
Traverse City Area Public Schools
Property Description
Rare opportunity in downtown Traverse city, with commercial HR zoning, a large 63-70 unit building and a large property, bound by five city streets - a block from the public beach! This property was originally developed as a hotel (with 70 units), leased to a senior living operation 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!
Exterior Features

Additional Buildings Other Construction Frame Exterior Features Fenced YardPatioHandicap AccessGutters Exterior Finish Vinyl Siding Lot Dimensions Irregular Primary Garage DetachedOther Road Public MaintainedConcrete Roof Asphalt Water Features None

Interior Features

Appliances Equipment Other Fireplace And Stoves None Foundation Poured Concrete Heating Cooling Type Forced AirDuctless A/C Interior Features Handicap Access/Equipment

Property Features

Deeded Waterfront No Development Amenities Common Area Documents On File Other Heating Cooling Sources Natural Gas Included In Lease Not For Lease Lease Terms Not For Lease Listing Agreement Type Exclusive Right to Sell Mineral Rights Unknown Possession At Closing Property Type Other Section Number 1 Sewer Municipal Style 2 Story Taxable Value 1225899 Terms Cash1031 ExchangeOther Township Traverse City Tv Service Internet Avail Cable TVCable InternetWiFi Type Of Ownership Private Owner Univs Design Barrier Free Widened DoorsMain Floor AccessNo Steps EntryCovered EntranceRoll-In ShowerLow Threshold ShowerRaised ToiletGrab BarsHand RailsLevered Door KnobsElevatorOther Water Municipal Year Remodeled 2013 Zoning Use Restrictions Commercial

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of REO-TCRandolph-233022: 231-946-4040.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-25T07:52:08.943.
 
https://bt-photos.global.ssl.fastly.net/nglrmls/1280_boomver_1_1917935-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/1280_boomver_1_1917935-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/1280_boomver_1_1917935-2.jpg
Logo
Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684