MI > Grand Traverse > Traverse City > 461 Munson Avenue

$8,500,000

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  • 63 Units
  • 32,711 SqFt
  • MLS# 1917935
Portrait of Blake Bernard
Listed by Blake Bernard

269-267-2709

Traverse City-Randolph St.

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
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!

Property Information

Status
Active 
Address
461 Munson Avenue 
City
Traverse City 
Zip
49686 
Year Built
1995 
Style
2 Story 
Possession
At Closing 
Waterfront Desc
None 
Listing Date
12/01/2023 
County
Grand Traverse 
Total No of Units
63 

School Information

School District
Traverse City 

Rooms and Land

Lot Dimensions
Irregular 
Total Acres
1.87 

Features

Style
2 Story 
Exterior Features
Fenced Yard, Gutters, Handicap Access, Patio 
Basement
Poured Concrete 
Appliances
Other 
Cooling
Ductless A/C, Forced Air, Natural Gas 
Heating
Ductless A/C, Forced Air, Natural Gas 

Listing Video for 461 Munson Avenue, Traverse City MI 49686

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1917935 Active Dec 1 2023 4:31PM $8,500,000 205
1917933 Active Dec 1 2023 4:16PM $8,500,000 205
1915328 Withdrawn Active Nov 30 2023 1:29PM 86
1915328 Oct 24 2023 5:46PM $8,490,000 $8,900,000 86
1915328 Active Sep 5 2023 11:41AM $8,900,000 86
1911687 Expired Active Sep 2 2023 2:17AM 93
1911687 Active Jun 1 2023 8:58AM $8,900,000 93
1908111 Expired Active Jun 1 2023 2:17AM 120
1908111 Active Feb 1 2023 11:00AM $8,900,000 120
1334894 Expired Feb 1 2023 2:21AM $9,000,000 195
1902747 Expired Active Feb 1 2023 2:17AM 197
1902747 Active Expired Nov 1 2022 9:58AM 197
1902747 Expired Active Nov 1 2022 2:16AM 197
1902747 Active Jul 19 2022 10:31AM $9,000,000 197
1902678 Active Jul 17 2022 1:46PM $9,000,000 199
School Information
Local Business

Learn More About This Listing

Portrait of Blake Bernard
Listed by Blake Bernard

269-267-2709

Traverse City-Randolph St.

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

Max Broock logo

Listing Courtesy of Real Estate One
Office Address 521 Randolph Street

461 Munson Avenue Traverse City
Contact us
$8,500,000
For Sale • No. of Units: 63