Homes for sale - 115 Franklin Street, Traverse City, MI 49686

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Jeff Rising

jeff@therisingteam.com +1(517) 605-1286

$ 1,275,000

Est. payment | -/mo

3 Beds

4 Baths

2,704 SqFt

Save

$ 1,275,000

Est. payment | -/mo

Save

3 Beds

4 Baths

2,704 SqFt

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 canâ€™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

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by REMAX Bayshore - W Bay Shore Dr TC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(517) 605-1286

jeff@therisingteam.com

105 E Maumee St, Adrian, MI, 49221, USA

115 Franklin Street Traverse City, MI 49686