461 Munson Active Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49686
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Traverse Victorian Hotel
MLS Listing ID 78080013328
Year Built 1995
Lot Size 1.870 Acres
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!
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Commercial
Interior
Hot Water Other
Heating Forced Air
Exterior
Exterior Feature Fenced
Pool No
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Traverse City
Others
Acceptable Financing Cash,Trade/Exchange
Listing Terms Cash,Trade/Exchange