Address
461 Munson Avenue, Traverse City, MI
Price
$ 8,500,000
Property Attributes
- MLS#1917935
- TypeMulti-Family
- CountyGRAND TRAVERSE
- CityTraverse City
- AreaGrand Traverse
- NeighborhoodTraverse City
- Zip49686
- Style2 Story
- Price$ 8,500,000
- Bedrooms63
- Full Bathrooms63
- Half Bathrooms0
- Sqr Footage32711
- Lot Size1.87 Acres
Data Source:
Northern Great Lakes REALTORS® MLS (NGLRMLS)
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!
| Price History | |
|---|---|
| 12/1/2023 | Listed $8,500,000 |
General Features
| Roof | Asphalt |
|---|---|
| Zoning | Commercial |
| Sewer | Municipal |
| Construction | Frame |
| School District | Traverse City Area Public Schools |
Interior Features
| Basement | Poured Concrete |
|---|---|
| Interior Features | Handicap Access/Equipment |
Exterior Features
| Exterior Features | Fenced Yard,Patio,Handicap Access,Gutters |
|---|---|
| Water Features | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49686
Price
Visits
Year Built
Walkscore
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
