$8,500,000
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461 Munson Traverse City, MI 49686
Multi-Family
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Beds
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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!
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Source MLS
MiRealSource
Originating MLS
Aspire North REALTORS
MLS#
80050198
Property Type
Multi-Family
Year Built
1995
Lot Size
1.87
Stories
2.0
Sewer
Public Sewer
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