MI > Grand Traverse > Traverse City > 461 Munson Avenue

$8,500,000

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  • MLS# 1917933
Portrait of Frank Mastroianni
Presented by Frank Mastroianni

248-912-5512

Northville - Real Estate One

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
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!

Property Information

Status
Active 
Address
461 Munson Avenue 
City
Traverse City 
Zip
49686 
Year Built
1995 
Listing Date
12/01/2023 
County
Grand Traverse 
Possession
At Closing 
Parking
Parking Lot 
Price/SqFt
259.85 

Features

Current Use
Other,None 
Features
Elevator, Security System 
Zoning
Commercial 
Water
Municipal Water 
Sub Property Type
Hospitality 
Licenses
Other 
Exterior Features
Vinyl 
Cooling
Ductless A/C, Electric, Forced Air, Natural Gas, Wall 
Heating
Ductless A/C, Electric, Forced Air, Natural Gas, Wall 

Listing Video for 461 Munson Avenue, Traverse City MI 49686

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  • Market Statistics
  • Property History
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1917935 Active Dec 1 2023 4:31PM $8,500,000 89
1917933 Active Dec 1 2023 4:16PM $8,500,000 89
1915328 Withdrawn Active Nov 30 2023 1:29PM 86
1915328 Oct 24 2023 5:46PM $8,490,000 $8,900,000 86
1915328 Active Sep 5 2023 11:41AM $8,900,000 86
1911687 Expired Active Sep 2 2023 2:17AM 93
1911687 Active Jun 1 2023 8:58AM $8,900,000 93
1908111 Expired Active Jun 1 2023 2:17AM 120
1908111 Active Feb 1 2023 11:00AM $8,900,000 120
1334894 Expired Feb 1 2023 2:21AM $9,000,000 195
1902747 Expired Active Feb 1 2023 2:17AM 197
1902747 Active Expired Nov 1 2022 9:58AM 197
1902747 Expired Active Nov 1 2022 2:16AM 197
1902747 Active Jul 19 2022 10:31AM $9,000,000 197
1902678 Active Jul 17 2022 1:46PM $9,000,000 199
School Information
Local Business

Learn More About This Listing

Portrait of Frank Mastroianni
Presented by Frank Mastroianni

248-912-5512

Northville - Real Estate One

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

Real Estate One logo

Listing Courtesy of Real Estate One
Office Address 521 Randolph Street

461 Munson Avenue Traverse City
Contact us
$8,500,000
For Sale • Acres: 1.87 • Zoning: Commercial