230 Munson Avenue, Traverse City, MI 49686

About this Home

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

Location Property Info

County: Grand Traverse County

Street #: 230

Street Name: Munson

Suffix: Avenue

State: MI

Zip Code: 49686

Zip (4): 3039

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

$2,300,000

230 Munson Avenue

Traverse City, MI 49686

About this Home

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