63-Unit Hotel
For Sale
Contact for pricing
Pending
461 Munson Ave, Traverse City, MI 49686
Commercial HR zoning, a commercial kitchen, dining facilities, lounges, laundry, and landscaped outdoor areas support varied hospitality uses.
Property SizeContact for details
Days on Market141
Property Features for 461 Munson Ave
General Information
Standard status
Pending
Property subtype
Hospitality
Zoning
HR
Amenities
commercial kitchen
dining room
common lounges
on-site commercial laundry
back patio
grounds
Building Details
Buildings
1
Listing Agency:
REO-TC/Randolph
(231) 714-4787
Listed By:
Blake Bernard · License #T6501380347
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 10:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REO-TC/Randolph
Investment Insights
Based on property information with market context.
The property is a 63-unit building with a hotel development history and extensive interior amenities. Improvements include a commercial kitchen, large dining room, multiple common lounges, on-site commercial laundry, and outfitted units. A rear patio and expansive grounds add outdoor space to the existing building program.
Located at 461 Munson Ave in downtown Traverse City, the property sits one block from the public beach. Commercial HR zoning supports its current hospitality classification, while the existing layout and prior senior-living operation provide a basis for evaluating apartment, condominium, or other redevelopment concepts. The building may also accommodate up to six additional units within its current footprint, according to the property information.
Located at 461 Munson Ave in downtown Traverse City, the property sits one block from the public beach. Commercial HR zoning supports its current hospitality classification, while the existing layout and prior senior-living operation provide a basis for evaluating apartment, condominium, or other redevelopment concepts. The building may also accommodate up to six additional units within its current footprint, according to the property information.
Key Highlights
- 63‑unit building with a hotel development history
- Commercial HR zoning in downtown Traverse City
- One block from the public beach at 461 Munson Ave
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Commercial HR zoning, a commercial kitchen, dining facilities, lounges, laundry, and landscaped outdoor areas support varied hospitality uses.
Where is this hotel located?
The property is located at 461 Munson Ave Traverse City, MI.
What are key features of this property?
This property features: 63‑unit building with a hotel development history; Commercial HR zoning in downtown Traverse City; One block from the public beach at 461 Munson Ave
