Traverse City, MI 49686,121 & 125 Munson
$2,150,000
$2,400,000
10.4%
Est.Price: ?

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9,184 SqFt

121 & 125 Munson Traverse City, MI 49686

Est. payment /mo
SOLD DATE : 06/21/2022

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Key Details

Sold Price $2,150,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 9,184 sqft

Price per Sqft $234

Subdivision Metes And Bounds

MLS Listing ID 78001328429

Sold Date 06/21/22

Originating Board Aspire North REALTORS®

Year Built 1984

Lot Size 1.390 Acres

Acres 1.39

Lot Dimensions irregular

Property Description

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.

Location

State MI

County Grand Traverse

Area Traverse City

Interior

Heating Hot Water

Heat Source Electric, Natural Gas

Exterior

Roof Type Asphalt

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame,Wood

Schools

School District Traverse City

Others

Tax ID 28-51-101-006-20 &

Ownership Private Owned

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Doug Meteyer of Keller Williams Northern Michigan
Bought with eXp Realty

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Carrie Thompson

Digital Marketing Realtor | License ID: 6501338662

+1(810) 893-3269

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