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115 Franklin Street

Traverse City, MI 49686
  • $1,275,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 1918883
UPDATED: 202 min ago
$1,275,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,704
    SQFT
  • $472
    $/SQFT
Neighborhood:
Type:
Commercial
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: 2024-04-24T23:52:00.573.
www.housestraversecity.com/homes/146961221
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115 Franklin Street Traverse City, MI 49686

  • Price: $1,275,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 202 min ago
  • MLS #: 1918883
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2,704
SQFT
$472
$/SQFT
1930
Built
Neighborhood:
Hannah Lay & Co's 5th
County:
Grand Traverse
Area:
Grand Traverse
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

Construction Frame Exterior Features Vinyl Foundation Stone Lot Dimensions Irregular Parking Other Road Public MaintainedBlacktop Roof Asphalt

Interior Features

Heating Cooling Type Hot WaterCentral Air

Property Features

Business Incl No Business Name N/A Deeded Waterfront No Documents On File Other Eco Features No Extras Other Heating Cooling Source Natural Gas Included In Lease Other Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Corner LotFreestanding Possession Negotiable Present Use Other Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 4 Sewer Municipal Summer Taxes 9195.76 Terms Conventional MortgageCommercial LoanCashGross Lease Total Taxes 10308.08 Township Traverse City Type Mixed Use Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Municipal Water Winter Taxes 1112.32 Zoning ResidentialMulti-FamilyOfficeRetailOtherCommercialRestaurant/FoodSpecial Use

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: 2024-04-24T23:52:00.573.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684