2026 Record Card.pdf
Hotel Indigo Traverse City Petitioner Vs. City Of Traverse City Respondent · 26-001051-TT
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*** Information herein deemed reliable but not guaranteed*** GRAND TRAVERSE/LEELAN County: 28-51TRAVERSE CITY-GTC Jurisdiction: Printed on Parcel Number: 28-51-658-031-01 11,093,401C 12,268,500 9,881,600 2,386,900 2023 11,648,071C 13,522,500 11,054,700 2,467,800 2024 12,009,161C 15,199,500 12,335,200 2,864,300 2025 12,333,408C 17,762,700 15,057,200 2,705,500 2026 Taxable Value Tribunal/ Other Board of Review Assessed Value Building Value Land Value Year Work Description for Permit 23.0008-P, Issued 01/11/2023: REPLACEMENT OF EXISTING WATER HEATERS. Work Description for Permit 19.45751, Issued 11/04/2019: CONSTRUCT A 255 SF ROOF OVER EXISTING DUMPSTER ENCLOSURE FOR HOTEL. SEPARATED MIXED USE A-2, A-3, B, F-1, R-1, S-2. 3A CONST. Work Description for Permit 19.45507, Issued 08/30/2019: CONSTRUCT A 475 SF PERGOLA AT ROOFTOP BAR ON EXIST COMM BLDG. A-2 USE, 3B CONST. Work Description for Permit 17.43142, Issued 04/19/2017: BUILD-OUT OF 630 SF OF EXISTING COM. BLDG TO CREATE A CHIROPRACTIC OFFICE. USE GROUP 'B', TYPE 1-B CONST Work Description for Permit 13.39585, Issued 07/26/2013: CONSTRUCT A 'FOUNDATION ONLY' FOR A NEW HOTEL. USE GROUPS : 'B', 'A2' , 'A3', 'R1', 'S2', 'F1', TYPE 1B CONST., NFPA 13 SPRINKLER. Work Description for Permit 12.39112, Issued 12/17/2012: DEMOLISH A STRUCTURE. MIAINTAIN SITE FREE FROM ALL UNSAFE OR HAZARDOUS CONDITIONS. RESTORE ESTAB * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason Value 111.00 156.97 1.0000 0.0000 0 100* 0 50.00 150.00 1.0000 0.0000 0 100* 0 75.00 150.00 1.0000 0.0000 0 100* 0 36,372.000 Sq Ft 148.77 50 LG PCL ACROSS PKWY FROM WAT * denotes lines that do not contribute to the total acreage calculation. 236 Actual Front Feet, 0.83 Total Acres Total Est. Land Value = 5,410,993 Land Value Estimates for Land Table 2060.2060 GARLAND - GRANDVIEW PC 12/26/2021 PHOTO ADDE PWC 01/04/2019 MEETING PC 07/06/2018 INSPECTED Who When What Level Rolling Low High Landscaped Swamp Wooded Pond Waterfront Ravine Wetland Flood Plain Topography of Site Dirt Road Gravel Road Paved Road Storm Sewer Sidewalk Water Sewer Electric Gas Curb Street Lights Standard Utilities Underground Utils. Public Improvements Vacant Improved X The Equalizer. Copyright (c) 1999 - 2009. Licensed To: City of Traverse City, County of Grand Traverse, Michigan HOTEL INDIGO COMBINED 31 32 & 33 28-51-658-031-01 FOR 2014 ROLL - RETIRED 28-51-658-031-00 28-51-658-032-00 28-51-658-033-00 Comments/Influences LOTS 58, 59, 60 & 61 & W 1/2 OF 62 HANNAH LAY & CO'S 11TH ADD COMBINED 31 32 & 33 28-51-658-031-01 FOR 2014 ROLL - RETIRED 28-51-658-031-00 28-51-658-032-00 28-51-658-033-00 Tax Description PHR TCI LLC PROCACCIANTI HOTEL REIT, INC 1140 RESERVOIR AVE CRANSTON RI 02920 Owner's Name/Address 263 W GRANDVIEW PKWY Property Address COMPLETE 17.43142 04/19/2017 COMMERCIAL INTERIOR ALT 2026 Est TCV 35,525,432 TCV/TFA: 447.6 UNINSPECTE 19.45507 08/30/2019 COMMERCIAL INTERIOR ALT MAP #: COMPLETE 19.45751 11/04/2019 OTHER P.R.E. 0% UNINSPECTE 23.0008-P 01/11/2023 OTHER School: TRAVERSE CITY SCHOOL DIST. Status Number Date Building Permit(s) Zoning: C-4A Class: COMMERCIAL-IMPROVE 100.0 PROPERTY TRANSFER 2018R-12837 21-NOT USED/OTHER CD 08/09/2018 26,009,000 PHR TCI LLC GRAND TRAVERSE HOTEL PROPE Prcnt. Trans. Verified By Liber & Page Terms of Sale Inst. Type Sale Date Sale Price Grantee Grantor 07/16/2026
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*** Information herein deemed reliable but not guaranteed*** Parcel Number: 28-51-658-031-01, Land Image Printed on 07/16/2026
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Bsmnt Insul. Thickness (40) Exterior Wall: 1381 Steel Frame (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 1553 SqFt, Steel Space Frame and Sh Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc. X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: C Quality: Average Stories: 4 Story Height: 11 Perimeter: 1138 Base Rate for Upper Floors = 172.59 Parking Basement Basement, Base Rate for Basement = 49.94 (Basement Fireproofing Rate = 8.78) Mezzanine 1 Open Base Rate = 48.96 (10) Heating system: Zoned A.C. Warm & Cooled Air Cost/SqFt: 31.42 100% Bsmnt Heating system: Ventilation only, Ducts/Blowers Cost/SqFt: 3.23 Adjusted Square Foot Cost for Upper Floors = 204.01 Adjusted Square Foot Cost for Basement = 61.95 Total Floor Area: 78,739 Base Cost New of Upper Floors = 16,063,543 Basement Area: 33,120 Base Cost New of Basement = 2,051,785 Mezzanine 1 Area: 2,578 Base Cost New of Mezzanine = 126,219 78,739 Sq.Ft. of Sprinklers @ 3.93, Cost New = 309,444 Reproduction/Replacement Cost = 18,550,991 Eff.Age:13 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 74 /100/100/100/74.0 Total Depreciated Cost = 13,727,733 <<<<< Segregated Cost Computations >>>>> Costs taken from Segregated Cost Section 1: Apartments, Clubs, Hotels Cost # or Height Storys <<<<< Calculations too long. See Valuation printout for complete pricing. >>>>> ** ** Calculator Cost Data ** ** Quality: Average Heat#1: Zoned A.C. Warm & Cooled Air 100% Heat#2: Zoned A.C. Warm & Cooled Air 0% Ave. SqFt/Story: 19685 Ave. Perimeter: 1138 Has Elevators: *** Basement Info *** Area: 33120 Perimeter: 748 Type: Parking Basement Heat: Ventilation only, Ducts/Blowers * Mezzanine Info * Area #1: 2578 Type #1: Open (No Rates) Area #2: Type #2: * Sprinkler Info * Area: 78739 Type: Average Low Ave. Above Ave. X High Construction Cost Comments: 2023-2024-2025 LEASE HOLD IMP '23 $63,688 - REVIEW 2019 ROLL - UPDATED BLD SQ FT HOTEL SIZE LESS DR Overall Bldg Height Year Built Remodeled 2013 2016 Depr. Table : 2.25% Effective Age : 13 Physical %Good: 74 Func. %Good : 100 Economic %Good: 100 Class: C Floor Area: 78,739 Gross Bldg Area: 79,369 Stories Above Grd: 4 Average Sty Hght : 11 Bsmnt Wall Hght : 14 Desc. of Bldg/Section: Calculator Occupancy: Hotels - Full Service *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 1 of 2 Printed on Parcel Number: 28-51-658-031-01 07/16/2026
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*** Information herein deemed reliable but not guaranteed*** Parcel Number: 28-51-658-031-01, Commercial/Industrial Building 1 Printed on 07/16/2026 Parcel Number: 28-51-658-031-01, Commercial/Industrial Building 1 Printed on 07/16/2026 4 Rooftop Patio 2685 5s ib [3 4 Sty Hotel 19201.8sf [Ed 3 , we = [= LE = aw Cer = F sl BF mE iE a -oa Underground Paring 33120s? i *** Information herein deemed reliable but not guaranteed***
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Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc. X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: C Quality: Average Stories: 1 Story Height: 11 Perimeter: 0 Overall Building Height: 11 Base Rate for Upper Floors = 234.32 (10) Heating system: Package Heating & Cooling Cost/SqFt: 35.63 100% Adjusted Square Foot Cost for Upper Floors = 269.95 Total Floor Area: 630 Base Cost New of Upper Floors = 170,069 630 Sq.Ft. of Sprinklers @ 8.79, Cost New = 5,538 Reproduction/Replacement Cost = 175,607 Eff.Age:9 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 80 /100/100/100/80.0 Total Depreciated Cost = 140,486 ECF (2220 COMMERCIAL CDB GENERAL AREA) 2.123 => TCV of Bldg: 2 = 298,251 Replacement Cost/Floor Area= 278.74 Est. TCV/Floor Area= 473.41 ** ** Calculator Cost Data ** ** Quality: Average Heat#1: Package Heating & Cooling 100% Heat#2: Package Heating & Cooling 0% Ave. SqFt/Story: 630 Ave. Perimeter Has Elevators: *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: 630 Type: Average Low X Ave. Above Ave. High Construction Cost Comments: Overall Bldg Height 11 Year Built Remodeled 2017 Depr. Table : 2.5% Effective Age : 9 Physical %Good: 80 Func. %Good : 100 Economic %Good: 100 Class: C Floor Area: 630 Gross Bldg Area: 79,369 Stories Above Grd: 1 Average Sty Hght : 11 Bsmnt Wall Hght Desc. of Bldg/Section: Calculator Occupancy: Medical - Office Buildings *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 2 of 2 Printed on Parcel Number: 28-51-658-031-01 07/16/2026