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


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.

©2024 Northern Great Lakes REALTORS® MLS all rights reserved.

Data last updated on 2/16/2024 at 2:19 AM UTC

 

Powered byLuxury Presence