461 Munson Avenue Traverse City, MI 49686

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!

• General Features
  • Property Type Other
  • Mineral Rights Unknown
  • Township Traverse City
  • Type of Ownership Private Owner
  • Year Remodeled 2013
  • Approx Year Built 1995
  • Type Multi-Family
• Building Features
  • Exterior Finish Vinyl Siding
  • Appliances Equipment Other
  • Heating Cooling Sources Natural Gas
  • INTERIOR FEATURES Handicap Access/Equipment
  • Foundation Poured Concrete
  • Fireplace And Stoves None
  • Heating Cooling Type Forced Air
  • Primary Garage Detached, Other
  • Roof Asphalt
  • Style 2 Story
  • TV Service/Internet Available Cable TV
  • Total FINISHED SF Apx 32,711
  • Total # Units 63
• Property Features
  • Number of Acres 1.87
  • Road Public Maintained, Concrete
  • Water Features None
  • Water Municipal
  • Lot Dimensions Irregular
  • Construction Frame
  • Exterior Features Fenced Yard, Patio
  • Sewer Municipal
• Schools
  • School District Traverse City Area Public School