$1,275,000
( $471.52Per Sq Foot )
 $6,844 est/mo Sourced by Back At You

115 Franklin , Traverse City City, MI 49686

Traverse City City, MI 49686

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Description

Prepare yourself to fall in love with this stunning property boasting fantastic West Bay views and a downtown location that canââ¬â¢t be beat! Even better, this property is zoned C-4, allowing for the most liberal of commercial zoning rules, making for one of the most unique investment opportunities in downtown Traverse City. The street level has most recently been utilized as a music school, though zoning regulations and the location allow for a multitude of use options, including restaurants, medical/legal offices, retail shops, AirBNB, and so much more. This historic 2-story Victorian home could also easily be converted back into a residential unit- the second floor is currently a 3 bed/2 bath AirBNB, projected to see immediate cash flow. The unfinished attic- space could also be finished to provide more rentable space for the existing AirBNB. Strolling downtown, you are greeted by a traditional covered porch spanning the full width of the home. Once inside, the lower level features original hardwood floors, a foyer entry, a large office, and several spacious rooms, many with solid oak pocket doors. There is also an expansive living room hosting a handsome corner fireplace. The upper/main level of the home offers numerous updates and features beautiful wood floors, and a spacious family room adjacent to the L-shaped kitchen and dining area. Beyond the main living areas is a designated laundry room, a full hallway bath, and 2 roomy guest bedrooms. Rounding out this level of the home is a spacious primary bedroom suite hosting a private bath with a standing shower. Just steps from the Bay and downtown TC, this property offers historic beauty and endless possibilities!

Details

MLS#78080014253
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1930
Days On Site379
Listing Provided ByREMAX Bayshore - W Bay Shore Dr TC | BJ Brick

Features

SQ Feet2,704
ZoningCommercial,Multi-Family,Office,O
Acreage0.11

Market Activity 49686

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Learn More About This Property

StateMI
CountyGrandTraverse
CityTraverse City City
Zip Code49686
AreaTraverse City
Community NameHANNAH LAY & CO'S 5TH
School DistrictTraverseCity
Listing VS Median (in HANNAH LAY & CO'S 5TH)
Price:
$1,275,000
low | high
Med:
$1,275,000
50% of Average
SqFt:
2,704
low | high
Med:
2,704
50% of Average
$ / SqFt:
$472
low | high
Med:
$472
50% of Average
On Site:
379
low | high
Med:
379.000000
100% of Average
Sourced by Back At You
Listing Updated: January 10, 2025 at 2:01:33 PM PST