$2,300,000
Traverse City, MI 49686
MLS# 22039341
Status: Sold
1400 sqft
1 / 47
Property Description
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
Details
Maps
Documents
Location & Property Info
Cross Streets: US 31 and Hamilton
Property Sub-Type: Retail
Area: Traverse City - T
Municipality: Traverse City-GrandTraverse
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 1928.57
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 258, 215, 120,165
Road Frontage: 190
Mineral Rights: No
Waterfront: No
Total # Units: 21
Total # Bldgs: 2
# Fin Bldg Lvls: 9424
Total SqFt: 1400
Property Use Type: Business
School District: Traverse City
Lot Measurement: Acres
Lot Acres: 0.72
Lot Square Footage: 31233
Year Built: 1957
Full Baths: 26
Tax Info
Taxable Value: 448802
SEV: 596700
For Tax Year: 2021
Seller's Annual Property Tax: 23994
Tax Year: 2021
Homestead %: 100
Spec Assessment & Type: 0
Non-Conforming Use: No
Tax ID #: 51-582-091-00
Remarks & Misc
Legal: LOTS 123-124-125 FOSTER & CROTSERS ADD ALSO VACATED ALLEY
Status Change Info
Sold Price/SqFt: 1642.86
Under Contract Date: 2023-02-23
Sold Date: 2023-05-31
Sold Price: $2,300,000
Waterfront Options
Water Access Y/N: No
Additional Details
Total Parking Spaces: 24
Street Type
Public: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Retail: 1
Construction Type
Concrete: 1
Frame/Wood: 1
Exterior Material
Brick: 1
Stone: 1
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Basement: 1
Full: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Wall Unit(s): 1
Docs at List Office
Survey: 1
Other: 1
Business Includes
Furniture: 1
Inventory: 1
Additional Features
Outdoor Storage: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
Phone Available: 1
Driveway
Concrete: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Business Opportunity
Business Description: Hotel/Motel
Business Name: Sierra Motel
Possession
Close Plus 6 to 29 Days: 1
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
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.
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
Lot Sketch 
Sellers Disclosure 
Listing Office: BlueWest Properties, LLC
Listing Agent: Lori Perez
Last Updated: June - 01 - 2023
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.