Active
461 Munson Avenue
Traverse City MI, 49686
$8,500,000
$259.85 per sqft
Active
32,711 sqft
Multi-family
Built in 1995
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!
1917935
MLSⓇ ID
December 1, 2023
Listed
February 16, 2024
Updated
Map
461 Munson Avenue
Traverse City MI, 49686
Interior Features
Interior Features
Handicap Access/Equipment
Appliances
Other
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Ductless A/C
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
1.87 Acres
Exterior Features
Fenced Yard, Patio, Handicap Access, Gutters
Architectual Style
2 Story
Roof
Asphalt
Sewer
Municipal
School Information
School District
2
Other Property Details
Area Name
Grand Traverse
Days on Market
59
Garage
No
Parking
Detached, Other
View
No
County
Grand Traverse
Municipality
Traverse City
Water Source
Municipal
Pool
No
Zoning
Commercial
Buyer Agency Compensation
2%
Listed by with REO-TCRandolph-233022
Listing Contact: 231-946-4040
The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 2/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 2/16/2024 at 2:19 AM UTC