Bought with Non Member Office • NON-MLS MEMBER OFFICE
$1,758,225
$1,800,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
1010 E Front Street Traverse City, MI 49686
8,062 SqFt
Key Details
Sold Price $1,758,225
Property Type Commercial
Sub Type Hospitality
Listing Status Sold
Purchase Type For Sale
Square Footage 8,062 sqft
Price per Sqft $218
Subdivision Mi
MLS Listing ID 1824644
Sold Date 05/15/18
Year Built 1955
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 131X165
Property Sub-Type Hospitality
Property Description
Perfect opportunity for investors to develop a great multi housing development on high traffic count E. Front Street in booming Traverse City or run as a motel. Currently an operating motel and just minutes to downtown Traverse City, NMC, shopping and restaurants. Motel has 18 guest rooms with exterior doors, managers apartment, office and laundry room. On-site managers apartment connects to the office. In 2017/ 2018 most of roof and electric replaced, many of the rooms updated including painted and new carpeting.
Location
State MI
County Grand Traverse
Zoning Commercial,Motel/Hotel,Multi-Family,Office,Restaurant/Food,Retail
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Forced Air
Exterior
Exterior Feature Other
Roof Type Asphalt
Present Use Recreational/Resort
Road Frontage Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 28-51-900-295-00
Ownership Private Owner
Acceptable Financing Cash, Commercial Loan
Listing Terms Cash, Commercial Loan
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