1010 E Front St - Hospitality FOR SALE


Traverse City, MI 49686- Downtown Traverse City
$2,300,000 USD
231-633-0432
1010 E Front St, Traverse City, MI for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/54
null | Request Cap Rate

1010 E Front St
Traverse City, MI 49686
Downtown Traverse City


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$199 USD /SF

# OF ROOMS

20

PRICE/ROOM

$115,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Traverse Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

CM

APN/PARCEL ID

51-558-010-00

ASK ABOUT THIS PROPERTY

Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.