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://gaylehenderson.realestateone.com/1917933

AGENT/COMPANY DETAILS  

LOCATION  

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.

HOUSE DESCRIPTION  

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  159

Sub Property Type  Hospitality

Year Built  1995

Days on Market  159

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Acreage  1.87

Taxes  -

Tax Year  -

Summer Taxes  -

Winter Taxes  -

LOT DESCRIPTION  

Lower Level Square Footage  0

Waterview  N

Waterfront  N

For Lease/Rent  N

Est. Total Acres  1.87

Lot Dimensions  Irregular

WaterFrontage   0

INTERIOR FEATURES  

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

EXTERIOR FEATURES  

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

DETAILS  

Status Change Date  12/04/2023

Listing Date  12/01/2023

Internet/IDX  Y

Licensee Interest  Other

LISTING OFFICE DETAILS  

Listing Office   Traverse City-Randolph St.

Office Address   521 Randolph Street

Listing Number   1917933

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Wednesday, May 8, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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