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$8,500,000
Est. payment /mo
32,711 SqFt
UPDATED:
01/09/2025 10:38 AM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 32,711 sqft
Price per Sqft $259
Municipality Traverse City
Subdivision Traverse City
MLS Listing ID 80053312
Originating Board MiRealSource
Year Built 1995
Lot Size 1.870 Acres
Acres 1.87
Property Description
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 originally developed as a hotel (with 70 units), 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 seven additional units within the current building, and the property and building size could allow for
Location
State MI
County Grand Traverse County
Zoning Commercial
Interior
Heating Forced Air
Cooling Wall Unit(s)
Exterior
View Y/N No
Building
Sewer Public
Structure Type Vinyl Siding
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Listed by MiRealSource Office