$8,500,000

461 Munson Avenue, Traverse City, MI 49686, US

Summary

Style: Other,None
Sq Ft: 32711
Year Built: 1995

Moving Quotes

primary photo for 461 Munson Avenue, Traverse City, MI 49686, US

Remarks

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!

Details

MLS#: 1926706
Price: $8,500,000

Style: Other,None
Sq Ft: 32711
Year Built: 1995

County: Grand Traverse
Lot Size: 1.87

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Broker Contact


REO-TCRandolph-233022
521 Randolph St
Traverse City, MI, 49684
US
Dennis Pearsall
! 231-946-4040
! lbradford@realestateone.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Northern Great Lakes Realtors MLS
Last updated: 2024-09-02T13:56:37.000-04:00.
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