$2,150,000
$2,400,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
9,184 SqFt
SOLD DATE : 06/21/2022
Key Details
Sold Price $2,150,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,184 sqft
Price per Sqft $234
Subdivision Metes And Bounds
MLS Listing ID 78001328429
Sold Date 06/21/22
Originating Board Aspire North REALTORS®
Year Built 1984
Lot Size 1.390 Acres
Acres 1.39
Lot Dimensions irregular
Property Description
Prime redevelopment opportunity. 24 room motel in an OUTSTANDING location at the base of Old Mission Peninsula and across the street from Northern Michigan College, Dennos Museum and the Civic Center. Sale includes all furnishings, fixtures and equipment. Property is ready for remodeling and higher revenues. HR Zoning allows for 4 stories or 45 foot building height. Uses include Condo's, apartments, short term rentals, retail and more. Sale includes motel property plus additional .81 acres of vacant land. Access from Munson and E. Front across from NMC.
Location
State MI
County Grand Traverse
Area Traverse City
Interior
Heating Hot Water
Heat Source Electric, Natural Gas
Exterior
Pool No
Roof Type Asphalt
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Wood
Schools
School District Traverse City
Others
Tax ID 28-51-101-006-20 &
Ownership Private Owned
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
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