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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.

1401 N US HIGHWAY 31 N Traverse City MI 49686-3636

[Locked] • APN 03-208-023-10

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Details
Property Type Hospitality, Retail
Sub Type Hotel, Restaurant
Building SqFt 50,096
Lot SqFt 100,754
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code RB
Year Built 1999
Building Count 1
Opportunity Zone No
Sold Price per Acre ******
Tax Year ******
Tax Assessed Value ******
Days on Market ******

Property History

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Property Type
Property Type
Retail, Hospitality
Property Subtype
Restaurant, Hotel
Marketing Description
  • Grand Traverse County ranks in the top 10 Counties in Visitor Spending. Tourism generated more than $1.23 Billion Economic Activity for Traverse City.

  • 80-Room, Four-Story, Interior Corridor with Restaurant, pool, exclusive on the East Arm Grand Traverse Bay beach front access

  • Capitalizing on restaurant, bar, wine tour, and wedding revenue streams, this property has proven stable revenue growth rising from 2016 to current with gross revenue at $2.7 MM to an annualized $3.0 MM respectively.
Investment Highlights
  • Location: 1401 N US Highway 31, Traverse City MI 49686

  • Size: 80 Rooms

  • Price:$15,500,000

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
JS
Jasdeep Sohi PRO
•••.•••.5904
•••uire@••••••••••••.com
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