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Listed by Coldwell Banker Schmidt Traverse City
$2,300,000
Est. payment /mo
8,062 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 8,062 sqft
Price per Sqft $285
MLS Listing ID 1942072
Year Built 1955
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Hospitality
Property Description
The Grand Traverse Motel is a highly visible, well-located motel positioned on a corner lot on Front & Gilbert less than one mile east of downtown Traverse City. Originally built in 1955 and most recently renovated in 2018, the property features 18 total rooms—17 guest rooms plus a dedicated manager's suite. Its central location near public beach access and downtown Traverse City makes it an attractive opportunity as visitors to the area continue increasing. This 8,062 SF motel sits on approximately 0.49 acres with about 131 feet of frontage along busy Munson Avenue, offering exceptional exposure and easy parking. Do not to call the motel or speak to the employees.
Location
State MI
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456