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

Overview

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

Listing Details MLS# 22039341

Location Property Info

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

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
Spec Assessment & Type: 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/SqFt: 1642.86

More Information

Additional Details

Total Parking Spaces: 24

Waterfront Options

Water Access Y/N: No

Business Opportunity

Business Description: Hotel/Motel
Business Name: Sierra Motel

Location & Property Info

Cross Streets: US 31 and Hamilton
Property Sub-Type: Retail
Area: Traverse City - T
Municipality: Traverse City-GrandTraverse

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 1928.57
Prop Avail for Lease?: No

Remarks & Misc

Legal: LOTS 123-124-125 FOSTER & CROTSERS ADD ALSO VACATED ALLEY

Street Type

Public: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Retail: Yes

Construction Type

Concrete: Yes
Frame/Wood: Yes

Exterior Material

Brick: Yes
Stone: Yes
Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

Basement: Yes
Full: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes
Wall Unit(s): Yes

Docs at List Office

Survey: Yes
Other: Yes

Business Includes

Furniture: Yes
Inventory: Yes

Additional Features

Outdoor Storage: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
Phone Available: Yes

Driveway

Concrete: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Plus 6 to 29 Days: Yes

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

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.