461 Munson Avenue Traverse City, MI 49686

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!

• General Features
  • Licenses Other
  • Included In Lease None
  • Business Incl No
  • Business Name N/A
  • Type of Ownership Private Owner
  • Approx Year Built 1995
  • Year Remodeled 2013
  • Type Hospitality
  • Town T 27N
  • Township Traverse City
  • Present Use Other,None
• Building Features
  • Extras Security System
  • Foundation Poured Concrete
  • Heating Cooling Source Natural Gas, Electric
  • Roof Asphalt
  • Heating Cooling Type Forced Air, Wall
  • Apx Total Fin SQFT 32,711
• Property Features
  • Water Municipal Water
  • Vacant Land No
  • Univs Design/Barrier Free Widened Doors, Main Floor Access, Grab Bars, Hand Rails, Elevator
  • Road Public Maintained
  • Sewer Municipal
  • Parking Parking Lot
  • Parking Spaces 70
  • Exterior Features Vinyl
  • Construction Frame
  • Lot Dimensions Irregular
  • Location Corner Lot, Freestanding