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 developed as a hotel, 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 six 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!
From downtown TC, travel East on Munson Ave to the corner of 8th street, property is on the North side of Munson.
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Property Listed By
Homewaters, Llc. 697 Hannah Ave, Suite B Traverse City, MI 49686
No sold comparables found