1010 E Front Street
Traverse City, MI 49686
$1,560,000
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Perfect opportunity for investors to develop a great multi housing development on high traffic count E. Front Street in booming Traverse City! Currently a profitable operating motel and just minutes to downtown Traverse City, NMC, shopping and restaurants. Motel has 18 guest rooms with exterior doors, managers apartment, office and laundry room. On-site managers apartment connects to the office. Develop now to meet the high demand for housing or run as a motel until you are ready to develop. You can even expand your project and own over 250' on E. Front Street- the property and building next door is also available for sale $560,000.

http://www.realestateone.com/1824644
Dee-Dee Burch
511 East Front Street
Traverse City, MI 49686
Mobile: (231) 620-9900
ddburch@gmail.com
http://www.TCdreamhomes.com
 
Property Details
Status: Contingency
Listing Date 10/21/2016
County: Grand Traverse
Acreage: 0.49
Lot Dimensions: 131X165
Price/SqFt: $194
Zoning: Commercial, Motel/Hotel, Multi-Family, Office, Restaurant/Food, Retail
Current Use: Recreational/Resort
Water: Municipal Water
Features: Furniture/Fixtures, Phone System
Sub Property Type: Hospitality
Possession: Negotiable
Total Finished SqFt: 8,062
Year Built: 1955
Parking: Common, Parking Lot, Paved
Exterior Features: Other
Cooling: Forced Air, Natural Gas
Heating: Forced Air, Natural Gas
 
Listing Office: Traverse City-Front St.
Office Address: 511 East Front Street
Listing Number: 1824644
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