121 Munson Avenue
Traverse City, MI 49686

$1,790,000

Description

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.

Details

MLS#1852122
StyleIndustrial
Sub-TypeResale
StatusActive
Year1984
Days On Site205

Features

SQ Feet9,184
Story(s)1
ZoningMotel/Hotel

Market Activity 49686

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49686
AreaGrand Traverse
Listing VS Median (in 49686)
Price:
$1,790,000
low | high
Med:
$297,500
100% of Average
SqFt:
9,184
low | high
Med:
2,364
100% of Average
$ / SqFt:
$195
low | high
Med:
$126
85.431850192364% of Average
On Site:
205
low | high
Med:
3
100% of Average
Listing Updated: 04/25/2019
MLS Number: 1852122
Listing Provided By:
Meteyer 1790000  of  Keller Williams-Greater GT
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.