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Print Commercial
$8,500,000

MLS  

78080013325

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461 Avenue Munson Traverse City, Michigan 49686

 

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78080013325Knockout Real Estate

Contact Knockout Real Estate ~ 989-652-6300 ~ rachel@koagents.com

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!

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Price 8,500,000 City Limits: Frontage: 
County: Grand Traverse Type: Commercial School:
Lake/River: Road: Lot Size: Irregular
Sewer: Public Sewer (Sewer-Sanitary) Water: Public (Municipal) Acres:


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Ttl Sqft: 32711 Zoning: Commercial Business Info.
Sale/Rent:  Township:
Year Built: 1995 County: Grand Traverse
Lake/River:  Construction: Frame,Vinyl

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Features:



Contact: Knockout Real Estate - 989-652-6300