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461 Munson

Traverse City, MI 49686
  • $8,500,000
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: 78080013328
UPDATED: 118 min ago
$8,500,000
  • 0
    BEDS
  • 1.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1995
County:
Zoning:
Commercial
Lot Size Dimensions:
Irregular

School Ratings & Info

School District:

Description

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!

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IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-05-24T22:00:28.823.
www.real5.com/homes/145720722
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461 Munson Traverse City, MI 49686

  • Price: $8,500,000
  • Status: Active
  • On Site: 174 Days
  • Updated: 118 min ago
  • MLS #: 78080013328
0
Beds
0
Baths
0
½ Baths
1.87
Acres
1995
Built
Neighborhood:
Traverse Victorian Hotel
County:
Grand Traverse
Area:
Traverse City
School District:
TRAVERSE CITY
Property Description
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!
Exterior Features

Architecture Level 2 Story Exterior Features Fenced Foundation Materials Poured Lot Size Dimensions Irregular Multifamily Parking Garages Porch Type Patio Waterfront YN No

Interior Features

Basement YN No Heating Forced Air Heating Fuel Natural Gas Interior Features Elevator/Lift Room Count 0 Water Heater Fuel Other

Property Features

Down Payment Resource YN No Land Contract YN No Listing Financing CashTrade/Exchange Ownership Status Private Owned Postal City Traverse City Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Title Standard (Private) Unparsed Address 461 Munson Water Source Public (Municipal) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via REO-TCRandolph-233022: (231) 946-4040 and Aspire North REALTORS, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-05-24T22:00:28.823.
 
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