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461 Munson

Traverse City, MI 49686
  • $8,500,000
  • STATUS: Active
  • ON SITE: 171 Days
  • MLS #: 1917933
UPDATED: 135 min ago
$8,500,000
  • 0
    BEDS
  • 1.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,711
    SQFT
  • $260
    $/SQFT
Neighborhood:
Type:
Business Opportunity
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 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!

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[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-20T22:49:56.933.
www.sellsmi.com/homes/145680513
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461 Munson Traverse City, MI 49686

  • Price: $8,500,000
  • Status: Active
  • On Site: 171 Days
  • Updated: 135 min ago
  • MLS #: 1917933
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:
Traverse City (28021)
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 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!
Exterior Features

Exterior Construction FrameVinyl Siding Location Corner Lot Lot Size Irregular Parking 21+ SpacesParking Lot Roofing Asphalt

Interior Features

Basement YN No Commercial Features Elevator(s)Security Syetem Owned Cooling System Wall/Window A/C Fuel Type ElectricNatural Gas Heating System Wall HeatForced Air

Property Features

Business Name N/A Commercial Type Business Financial Terms CashCommercial LoanExchange/Trade Lease YN No Municipality Traverse City Ownership Private Present Licenses Other-See Remarks SEV 1754300 Sev Year 2022 Sewer Septic Public Sanitary Taxable Value 1225899 Water Public Water Zoning Commercial

Listing courtesy of REO-TCRandolph-233022 : 231-946-4040.

Source MLS: MiRealSource
Originating MLS: Aspire North REALTORS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-20T22:49:56.933.
 
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