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461 Munson Traverse City, Michigan 49686 - $8,500,000
461 Munson Traverse City, Michigan 49686


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Price $8,500,000

MLS # 78080013325

Foundation:
Construction: Frame,Vinyl

Year Built: 1995
TTL Sq Ft: 32711

Status: Active
Type: Commercial

Heat Forced Air,Wall/Floor Furnace
Sewer Public Sewer (Sewer-Sanitary)

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!

Call: 989-652-6300

Email: rachel@koagents.com


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