Active
4612 US-31 N
Traverse City MI, 49686
$3,900,000
$314.52 per sqft
Active
12,400 sqft
Commercial
Built in 1994
Completely unobstructed sunset views over East Grand Traverse Bay are enjoyed all year long at Gold Coast Inn! 26 cash-flowing units are for sale all together, each renting separately very well but with upside opportunity too! Each has its own keypad for entry, and the building is keypad secure as well. Being just East of downtown Traverse City, this property rents really well. The entire property has just been remodeled, each unit is fully furnished and turnkey, and the common areas on each floor look terrific. There is a large dining room and commercial kitchen on the main floor, lovely lobby entry area, an elevator, and a back porch on the main floor and an expansive front porch overlooking the bay on each floor. Fiber optic internet is installed and ready! The Traverse Area Recreation Trail (TART) is just out the back door to ride all over the area, into Traverse City, up to Acme, or over to Suttons Bay! This investment is fully optimized and ready for you - this one's tough to beat!
1917934
MLSⓇ ID
December 1, 2023
Listed
May 9, 2024
Updated
Map
4612 US-31 N
Traverse City MI, 49686
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.84 Acres
Exterior Features
Vinyl
Roof
Asphalt
Sewer
Municipal
School Information
School District
2
Other Property Details
Area Name
Grand Traverse
Days on Market
59
Garage
No
Parking
Common
View
No
County
Grand Traverse
Municipality
Acme
Water Source
Private Well
Pool
No
Zoning
Commercial
Buyer Agency Compensation
2%
Listed by Blake Bernard with REO-TCRandolph-233022
Listing Contact: 231-946-4040
The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/9/2024 at 10:38 AM UTC