115 Franklin Street Contingent Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49686
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Contingent
Purchase Type For Sale
Square Footage 2,704 sqft
Price per Sqft $471
Subdivision Hannah Lay & Co'S 5Th Add
MLS Listing ID 80014232
Style 2 Story
Bedrooms 3
Full Baths 2
Half Baths 2
Abv Grd Liv Area 2,704
Year Built 1930
Annual Tax Amount $10,308
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions Irregular
Property Description
Prepare yourself to fall in love with this stunning property boasting fantastic West Bay views and a downtown location that can’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!
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Commercial,Residential,Other
Rooms
Basement Stone
Interior
Interior Features Bay Window
Heating Hot Water
Cooling Central A/C
Appliance Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer
Exterior
Garage No
Building
Story 2 Story
Water Public Water
Architectural Style Victorian
Structure Type Vinyl Siding
Schools
School District Traverse City Area Public Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional