Active
461 Munson Avenue
Traverse City MI, 49686
$8,500,000
$259.85 per sqft
Active
32,711 sqft
Commercial
Built in 1995
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!
1926706
MLSⓇ ID
September 2, 2024
Listed
December 16, 2024
Updated
Map
461 Munson Avenue
Traverse City MI, 49686
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Ductless, Electric
Heating
Yes
Heating Description
Forced Air, Wall Furnace, Natural Gas
Exterior/Building Features
Lot Size
1.87 Acres
Lot Features
Corner Lot, Freestanding
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Days on Market
105
Association Fee Frequency
Yearly
Garage
No
Parking
Parking Lot
Parking Total
70
View
No
County
Grand Traverse
Municipality
Traverse City
Water Source
Public
Pool
No
Listed by with REO-TCRandolph-233022
Listing Contact:
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Data last updated on 12/16/2024 at 6:47 AM UTC