Homes for sale - 461 Munson Avenue, Traverse City, MI 49686

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$ 8,500,000

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461 Munson Avenue Traverse City, MI 49686

32,711 SqFt

UPDATED:

12/02/2024 09:46 AM

Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 32,711 sqft

Price per Sqft $259

Subdivision Traverse Victorian Hotel

MLS Listing ID 78080050196

Originating Board Aspire North REALTORS®

Year Built 1995

Lot Size 1.870 Acres

Acres 1.87

Lot Dimensions Irregular

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!

Location

State MI

County Grand Traverse

Area Traverse City

Zoning Commercial

Interior

Heating Forced Air, Wall/Floor Furnace

Heat Source Electric, Natural Gas

Exterior

Utilities Available Elevator

Roof Type Asphalt

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame,Vinyl

Schools

School District Traverse City

Others

Tax ID 5175400300

Ownership Private Owned

Acceptable Financing Cash, Other, Trade/Exchange

Listing Terms Cash, Other, Trade/Exchange

Financing Cash,Other,Trade/Exchange

Special Listing Condition Unknown/Data Share Listings

Listed by Blake Bernard of REO-TCRandolph-233022

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461 Munson Avenue Traverse City, MI 49686

Key Details

Location

Interior

Exterior

Building

Schools

Others

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461 Munson Avenue