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!
1926705
MLSⓇ ID
September 2, 2024
Listed
December 16, 2024
Updated
Map
461 Munson Avenue
Traverse City MI, 49686
Interior Features
Total Stories
2
Interior Features
High Speed Internet, Cable TV, Wi Fi
Appliances
Other
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Ductless
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
1.87 Acres
Exterior Features
Rain Gutters
Roof
Asphalt
Sewer
Public Sewer
School Information
School District
Traverse City Area Public Schools
Other Property Details
Days on Market
105
Association Fee Frequency
Yearly
Garage
No
Parking
Detached, Other
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