MI > Grand Traverse > Traverse City > 461 Munson Avenue

$9,000,000

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  • 63 Units
  • 32,711 SqFt
  • MLS# 1902747
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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 developed as a hotel, 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 six 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!

Property Information

Status
Active 
Address
461 Munson Avenue 
City
Traverse City 
Zip
49686 
Year Built
1995 
Style
2 Story 
Possession
At Closing 
Waterfront Desc
None 
Listing Date
07/19/2022 
County
Grand Traverse 
Total No of Units
63 

School Information

School District
Traverse City 

Rooms and Land

Lot Dimensions
Irregular 
Total Acres
1.87 

Features

Style
2 Story 
Exterior Features
Fenced Yard, Gutters, Handicap Access, Patio 
Basement
Poured Concrete 
Appliances
Other 
Cooling
Ductless A/C, Forced Air, Natural Gas 
Heating
Ductless A/C, Forced Air, Natural Gas 

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  • Market Statistics
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  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1902747 Active Jul 19 2022 10:31AM $9,000,000 68
1902678 Active Jul 17 2022 1:46PM $9,000,000 70
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MITAAR Logo

Listing Courtesy of Homewaters, Llc
Office Address 697 Hannah Ave, Suite B

Real Estate One Family of Companies

461 Munson Avenue Traverse City
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$9,000,000
For Sale • No. of Units: 63