$8,500,000
View On Website
 Property Type Multi-Family
 Parcel # 51-754-003-00
 County Grand Traverse
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://bernardgroup.realestateone.com/1917935
AGENT/COMPANY DETAILS  
Blake Bernard
521 Randolph Street
Traverse City, MI 49684
Mobile: 269-267-2709
[email protected]
bernardgroupmi.com
LOCATION  
  • 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.
  • HOUSE DESCRIPTION  
  • Fin Below Grd SqFt  0
  • Total Fin SqFt  32,711
  • Price/SqFt  $260
  • Unfinished SqFt  0
  • Above Grade Finished SqFt  0
  • CDOM  145
  • Sub Property Type  Multi-Family
  • Year Built  1995
  • Days on Market  145
  • ASSESSMENT/SCHOOLS   
  • Land Assessment  -
  • Improvements  -
  • Acreage  1.87
  • Taxes  -
  • Tax Year  -
  • Summer Taxes  -
  • School District  Traverse City
  • Winter Taxes  -
  • LOT DESCRIPTION  
  • 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
  • INTERIOR FEATURES  
  • 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
  • EXTERIOR FEATURES  
  • 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
  • DETAILS  
  • Status Change Date  12/04/2023
  • Listing Date  12/01/2023
  • Internet/IDX  Y
  • LISTING OFFICE DETAILS  
  • Listing Office   Traverse City-Randolph St.
  • Office Address   521 Randolph Street
  • Listing Number   1917935



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