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115 Franklin Street

Traverse City, MI 49686
  • $1,275,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 1918862
$1,275,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 2,704
    SQFT
  • $472
    $/SQFT
Type:
Single-Family Home
Built:
1930
County:

School Ratings & Info

Description

Prepare yourself to fall in love with this stunning property boasting fantastic West Bay views and a downtown location that cant 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!

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-03T23:52:00.493.
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115 Franklin Street Traverse City, MI 49686

  • Price: $1,275,000
  • Status: Active
  • On Site: 86 Days
  • MLS #: 1918862
3
Beds
2
Baths
2
½ Baths
0.11
Acres
2,704
SQFT
$472
$/SQFT
1930
Built
Neighborhood:
Hannah Lay & Co's 5Th Add
County:
Grand Traverse
Area:
Grand Traverse
School District:
Traverse City Area Public Schools
Property Description
Prepare yourself to fall in love with this stunning property boasting fantastic West Bay views and a downtown location that cant 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!
Exterior Features

Additional Buildings None Construction Frame Driveway ConcreteAlley Access Exterior Features Bay ViewSidewalkOtherCovered Porch Exterior Finish Vinyl Foundation Stone Land Features Corner LotClearedLevel Lot Dimensions Irregular Primary Garage None Road Public MaintainedBlacktop Roof Asphalt Water Features Bay View

Interior Features

Above Gr Finished Sf Apx 2704 Appliances Equipment RefrigeratorOven/RangeDishwasherMicrowaveWasherDryerOther Bedroom1 Floor Covering Carpet Bedroom1 Length Apx 13.10 Bedroom1 Level Upper Floor Bedroom1 Width Apx 14.04 Bedroom2 Floor Covering Carpet Bedroom2 Length Apx 14.04 Bedroom2 Level Upper Floor Bedroom2 Width Apx 13.02 Bedroom3 Floor Covering Carpet Bedroom3 Length Apx 12.10 Bedroom3 Level Upper Floor Bedroom3 Width Apx 10.11 Bedroom4 Floor Covering Carpet Bedroom4 Length Apx 12.09 Bedroom4 Level Upper Floor Below Gr Finished Sf Apx 0 Below Gr Unfin Sf Apx 1000 Dining Room Floor Covering Carpet Dining Room Length Apx 11.10 Dining Room Level Main Floor Dining Room Width Apx 11.06 Family Room Floor Covering Carpet Family Room Level Main Floor Fireplaces And Stoves Fireplace(s) Heating Cooling Types Hot WaterCentral Air Interior Features Bay Window(s)Foyer EntranceOtherIsland KitchenFormal Dining RoomDen/Study Kitchen Floor Covering Vinyl Kitchen Length Apx 10.11 Kitchen Level Main Floor Kitchen Width Apx 9.04 Laundry Floor Covering Other Laundry Level Upper Floor Liv Rm Width Apx 16.02 Living Room Floor Covering Carpet Living Room Length Apx 13.07 Living Room Level Main Floor Main Floor Primary No Master Bath Private Number Baths Lower 0 Number Baths Main 1 Number Baths Upper 2

Property Features

Association Fee Includes None Bedroom4 Width Apx 10.11 Condo No Deeded Waterfront No Development Amenities None Documents On File Sellers DisclosureLBP DisclosureOther Eco Features No Heating Cooling Sources Natural Gas Mineral Rights Unknown Parcel Description Other Possession Negotiable Section Number 4 Sewer Municipal Style 2 StoryVictorian Summer Taxes 9195.76 Terms ConventionalCash Total Taxes 10308.08 Township Traverse City Tv Service Internet Avail Cable TVCable Internet Type Of Ownership Private Owner Univs Design Barrier Free None Water Municipal Winter Taxes 1112.32 Year Updated 1997 Zoning Use Restrictions ResidentialCommercialOther

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of REMAX Bayshore - W Bay Shore Dr TC: 231-941-4500.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-03T23:52:00.493.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684