461 Munson
TraverseCity, MI 49686
- – beds
- – baths
- – sqft
- ~2 acre lot
- 1995 build
- – 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 Jan 11, 2025
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MLS# 78080013328 —
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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Levels:Two
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Basement:Concrete
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Basement:false
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Patio And Porch Features:Patio
Interior
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Interior Features:Elevator
The Property
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Parcel Number:5175400300
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Size Acres:1.87
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Lot Size Dimensions:Irregular
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Zoning Description:Commercial
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Fencing:Fenced
Listing Agent
- Contact info:
- Agent phone:
- (231) 946-4040
- Office phone:
- (231) 946-4040
Taxes
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Tax Legal Description:LOTS 2 THRU 5 INCL & LOTS 24 THRU 31 INCL & VACATED ALLEY TO N OF LOTS 2- 5 KEZIS MOKESA ADD
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Tax Assessed Value:1225899
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:Other
Schools
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High School District:TraverseCity
The Community
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Subdivision Name:TRAVERSE VICTORIAN HOTEL
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Waterfront:false
Parking
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Parking Features:Detached, Garage
IDX provided courtesy of Realcomp II Ltd., via Estately and Aspire North REALTORS, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/22/24
Nov 22, 2024
|
Listed / Active | REALCOMP | $8,500,000 |
