461 Munson Avenue Active Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49686
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
Pool No
Utilities Available Elevator
Waterfront no
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