$8,500,000

MLS 1917933
461 Munson Avenue Traverse City, MI 49686  
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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!
Price $8,500,000 County: Grand Traverse Zoning:  Commercial
Area: Grand Traverse Waterfront Feet: 0 Sewer: Municipal
Lake/River:  Lot Size: Irregular Heat: Forced Air,Wall,Ductless A/C
Township: Traverse City Water: Municipal Water Acres: 1.87

 
For more information contact:
Morris Richardson Real Estate
989-345-2828

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Listing provided by NGLR Association of Realtors, database last updated Saturday June 15, 2024
 
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