MLS Public Remarks 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!
http://jasondabish.maxbroock.com/1917933
Township Traverse City
Directions From downtown TC, travel East on Munson Ave to the corner of 8th street, property is on the North side of Munson.
Fin Below Grd SqFt 0
Total Fin SqFt 32,711
Price/SqFt $260
Current Use Other,None
Unfinished SqFt 0
Above Grade Finished SqFt 0
CDOM 163
Sub Property Type Hospitality
Year Built 1995
Days on Market 163
Land Assessment -
Improvements -
Acreage 1.87
Taxes -
Tax Year -
Summer Taxes -
Winter Taxes -
Lower Level Square Footage 0
Waterview N
Waterfront N
For Lease/Rent N
Est. Total Acres 1.87
Lot Dimensions Irregular
WaterFrontage
0
Heating Ductless A/C, Electric, Forced Air, Natural Gas, Wall
Cooling Ductless A/C, Electric, Forced Air, Natural Gas, Wall
Water Municipal Water
Zoning Commercial
Heating Ductless A/C, Electric, Forced Air, Natural Gas, Wall
Garage 0.0
Basement details Poured Concrete
Sewer Municipal
Features Elevator, Security System
Parking Desc Parking Lot
Exterior Features Vinyl
Terms/Misc. 1031 Exchange, Cash, Commercial Loan
Possession At Closing
Status Change Date 12/04/2023
Listing Date 12/01/2023
Internet/IDX Y
Licensee Interest Other
Listing Office
Traverse City-Randolph St.
Office Address
521 Randolph Street
Listing Number
1917933
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