461 Munson Avenue
Traverse City, MI 49686
- – beds
- – baths
- 32,711 sqft
- ~2 acre lot
- $259 per sqft
- – on site
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!
Last checked:
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Last updated Feb 6, 2025
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MLS# 1929909 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1995
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Year Remodeled:2013
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Construction:Frame
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Style:2 Story
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Roof:Asphalt
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Foundation:Poured Concrete
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Exterior Finish:Vinyl Siding
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Exterior Features:Fenced Yard, Patio, Handicap Access, Gutters
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Univs Design/Barrier Free:Widened Doors, Main Floor Access, No Steps Entry, Covered Entrance, Roll-In Shower, Low Threshold Shower, Raised Toilet, Grab Bars, Hand Rails, Levered Door Knobs, Elevator, Other
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Eco Features:no
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SqFt:32711
Interior
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Interior Features:Handicap Access/Equipment
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Fireplace and Stoves:None
Financial & Terms
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Terms:Cash, 1031 Exchange, Other
Location
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Latitude:44.759207
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Longitude:-85.578784
The Property
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Property Type:Other
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Lot Dimensions:Irregular
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Acres:1.87
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Zoning:Commercial
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Additional Buildings:Other
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Deeded Waterfront:no
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Water Features:None
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Road:Public Maintained, Concrete
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Mineral Rights:Unknown
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Price Per SqFt:259.85
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (231) 946-4040
Taxes
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Tax ID:51-754-003-00
Heating & Cooling
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Heating & Cooling:Natural Gas
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Heating & Cooling:Forced Air, Ductless A/C
Utilities
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Water:Municipal
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Sewer:Municipal
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TV/Internet:Cable TV, Cable Internet, WiFi
Appliances
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Appliances:Other
Schools
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School District:Traverse City Area Public Schools
The Community
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Subdivision:MI
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Development Amenities:Common Area
Parking
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Primary Garage:Detached, Other
Extra Units
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Total # of Units:63
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/6/25
Jan 6, 2025
|
Listed / Active | NGLRMLS | $8,500,000 | |
|
9/2/24
Sep 2, 2024
|
Listed / Active | NGLRMLS | ||
|
12/1/23
Dec 1, 2023
|
Listed / Active | NGLRMLS |
