MLS Public Remarks Rare opportunity in downtown Traverse city, with commercial HR zoning, a large 63-70 unit building and a large property, bound by five city streets - a block from the public beach! This property was originally developed as a hotel (with 70 units), leased to a senior living operation 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://lisabender.realestateone.com/1917935
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
Unfinished SqFt 0
Above Grade Finished SqFt 0
CDOM 159
Sub Property Type Multi-Family
Year Built 1995
Days on Market 159
Land Assessment -
Improvements -
Acreage 1.87
Taxes -
Tax Year -
Summer Taxes -
School District Traverse City
Winter Taxes -
Lower Level Square Footage 0
Waterview N
Number of Units 63
Waterfront N
For Lease/Rent N
Waterfront Desc None
Est. Total Acres 1.87
Lot Dimensions Irregular
WaterFrontage
0
Heating Ductless A/C, Forced Air, Natural Gas
Cooling Ductless A/C, Forced Air, Natural Gas
Fireplace None
Water Municipal
Heating Ductless A/C, Forced Air, Natural Gas
Garage 0.0
Basement details Poured Concrete
Sewer Municipal
Exterior Features Fenced Yard, Gutters, Handicap Access, Patio
Garage Desc Detached, Other
Home Style 2 Story
Fireplace Description None
Additional Buildings Other
Terms/Misc. 1031 Exchange, Cash, Other
Appliances Other
Possession At Closing
Exterior Materials Vinyl Siding
Status Change Date 12/04/2023
Listing Date 12/01/2023
Internet/IDX Y
Listing Office
Traverse City-Randolph St.
Office Address
521 Randolph Street
Listing Number
1917935
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.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
