Homes for sale - 461 Munson, Traverse City, MI 49686

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$8,500,000

Est. payment - /mo

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1.87 Acres Lot

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461 Munson Traverse City, MI 49686

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Haven Arnold

info@havenarnold.com +1(734) 489-1454

UPDATED:

12/08/2023 09:40 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Traverse Victorian Hotel

MLS Listing ID 78080013328

Originating Board Aspire North REALTORS®

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 63-70 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

Interior Features Elevator/Lift

Hot Water Other

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Exterior Feature Fenced

Waterfront no

Porch Patio

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Schools

School District Traverse City

Others

Pets Allowed Yes

Tax ID 5175400300

Ownership Private Owned

Acceptable Financing Cash, Trade/Exchange

Listing Terms Cash, Trade/Exchange

Financing Cash,Trade/Exchange

Listed by Blake Bernard of REO-TCRandolph-233022

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Haven Arnold

Realtor | License ID: 6501446817

+1(734) 489-1454