461 Munson Avenue new Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49686
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 32,711 sqft
Price per Sqft $259
Subdivision Mi
MLS Listing ID 80053312
Year Built 1995
Lot Size 1.870 Acres
Acres 1.87
Lot Dimensions Irregular
Property Description
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!
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Commercial
Interior
Heating Wall Heat,Forced Air
Cooling Wall/Window A/C
Exterior
Parking Features 21+ Spaces,Parking Lot
Roof Type Asphalt
Building
Water Public Water
Structure Type Frame,Vinyl Siding
Others
Ownership Private
Energy Description Electric,Natural Gas
Financing Cash,Commercial Loan,Exchange/Trade