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Rita Rathburn

231-409-3035
  • MLS® #: 1868376
  • 121 & 125 Munson

  • Traverse City, Michigan 49686
  • $2,400,000 NEW
  • 9184 SQ. Feet, 1.39 Acres
  • Commercial

Prime redevelopment opportunity. 24 room motel in an OUTSTANDING location at the base of Old Mission Peninsula and across the street from Northern Michigan College, Dennos Museum and the Civic Center. Sale includes all furnishings, fixtures and equipment. Property is ready for remodeling and higher revenues. HR Zoning allows for 4 stories or 45 foot building height. Uses include Condo's, apartments, short term rentals, retail and more. Sale includes motel property plus additional .81 acres of vacant land. Access from Munson and E. Front across from NMC.

Essential Information

  • MLS® #1868376
  • Price$2,400,000
  • Bathrooms0.00
  • Square Footage9,184
  • Acres1.39
  • Year Built1984
  • TypeCommercial
  • Sub-TypeHospitality, Commercial Sale
  • StatusActive

Community Information

  • Address121 & 125 Munson
  • Subdivisionmetes and bounds
  • CityTraverse City
  • TownshipTraverse City
  • CountyGrand Traverse
  • StateMichigan
  • Zip Code49686

Amenities

  • FeaturesNone
  • ParkingPaved, Parking Lot

Utilities

WATER: Municipal Water SEWER: Municipal

Interior

  • BasementSlab

Heating

Natural Gas, Electric, Hot Water

Exterior

  • Exterior FeaturesWood, Brick
  • Lot Descriptionirregular
  • RoofAsphalt
  • ConstructionFrame

Additional Information

  • Days on Market6
  • ZoningMotel/Hotel
  • Ownership TypePrivate Owner
  • OfficeKeller Williams-Greater GT
  • Office Address534 E Front Street

Property Location

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.