Active

461 Munson

Traverse City MI, 49686

$8,500,000


$104.35 per sqft

Active

81,457 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!

78080013328

MLS ID

December 1, 2023

Listed

February 15, 2024

Updated

Map

461 Munson
Traverse City MI, 49686

Interior Features

Interior Features

Elevator


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1.87 Acres

School Information

School District

Traverse City

Other Property Details

Area Name

Traverse City


Days on Market

7


Garage

No


View

No


County

Grand Traverse


Pool

No


Zoning

Commercial

 

Courtesy of REO-TCRandolph-233022

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Data last updated 11:52 PM UTC, 2/15/2024

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