$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
County: Grand Traverse County
Street #: 230
Street Name: Munson
Suffix: Avenue
State: MI
Zip Code: 49686
Zip (4): 3039
Area: Traverse City - T
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
Lot Sketch 
Sellers Disclosure Listing Office: BlueWest Properties, LLC
Listing Agent: Lori Perez
Last Updated: June - 01 - 2023
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