230 Munson Avenue, Traverse City, MI 49686 (MLS# 22039341)

230 Munson Avenue, Traverse City, MI 49686

$2,300,000

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/22039341

Property Type: Commercial Sale Square Footage: 1,400 Lot Size (sq. ft.): 31,233 Status: Sold

Current Price: $2,700,000 List Date: 9/12/2022 Last Modified: 6/01/2023

Description

If you're looking to own a family-friendly motel in Traverse City, look no further than Sierra Motel. 20 room motel, all rooms updated in 2019. Two car garage, Irrigation system, immaculate landscaping, roof and parking lots redone on 2019. This motel also comes with a 3 bdroom, 2 bath living quarters, AND an additional apartment attached to living quarters, all of this updated in 2019! Conveniently located, 10 min drive from downtown Come take a look for yourself

More Information MLS# 22039341

Location Property Info

County: Grand Traverse County Street #: 230 Street Name: Munson Suffix: Avenue State: MI Zip Code: 49686 Zip (4): 3039 Area: Traverse City - T

OfficeContract Info

Status: Sold Current Price: $2,300,000 List Price: $2,700,000 Listing Date: 2022-09-12

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.72 Lot Square Footage: 31233 Lot Dimensions: 258, 215, 120,165 Year Built: 1957 Road Frontage: 190 Mineral Rights: No Total # Units: 21 # Fin Bldg Lvls: 9424 Total # Bldgs: 2 Total SqFt: 1400 Property Use Type: Business Full Baths: 26 Waterfront: No School District: Traverse City

Tax Info

Tax ID #: 51-582-091-00 Taxable Value: 448802 SEV: 596700 For Tax Year: 2021 Seller's Annual Property Tax: 23994 Tax Year: 2021 Homestead %: 100 Non-Conforming Use: No

Remarks Misc

Directions: I-196 E, US -131 N via EXIT 77A toward Cadillac. M 113/M-113, Turn right onto Clark Rd.Turn right onto Garfield Rd/County Hwy-611., Turn right onto 3 Mile Rd., Turn left onto N US Highway 31 N/US-31 S/M-72. Continue to follow US-31 S/M-72.

Status Change Info

Under Contract Date: 2023-02-23 Sold Date: 2023-05-31 Sold Price: $2,300,000 Sold Price/SqFt: 1642.86

Additional Details

Total Parking Spaces: 24

Waterfront Options

Water Access Y/N: No

Business Opportunity

Business Description: Hotel/Motel Business Name: Sierra Motel

Property Features

Uses: Retail Ownership: LLC Business Includes: Furniture; Inventory Construction Type: Concrete; Frame/Wood Exterior Material: Brick; Stone; Vinyl Siding Roofing: Composition Below Grade: Basement; Full Additional Features: Outdoor Storage Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air; Wall Unit(s) Driveway: Concrete Street Type: Public Purchase Terms Avail: Cash; Conventional Docs at List Office: Survey; Other Sale Conditions: None Possession: Close Plus 6 to 29 Days

Documents

Lot Sketch ›

Lot sketch 2 ›

Sellers Disclosure ›

Listing Office: BlueWest Properties, LLC

Listing Agent: Lori Perez

Last Updated: June - 01 - 2023

230 Munson Avenue, Traverse City, MI 49686- MLS# 22039341

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