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$1,275,000

Beds
3
Baths
3.0
sq ft
2,704

115 Franklin St, Traverse City, MI 49686

115 Franklin St

Traverse City, MI 49686

  • 284 days on market
    • Price drop $75,000↓
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!

Details

Property type

Single Family Residence

Lot size

4,792 sq ft

Price per sq ft

$472

Year built

1930

Annual property taxes

$10,308.08

Price History

08/29/2024
Realcomp

Realcomp #78080014232

Listed
$1,275,000
05/23/2024
Realcomp

Realcomp #78080014232

Pending
$1,275,000
04/29/2024
Realcomp

Realcomp #78080014232

Listed
$1,275,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Traverse City

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Status: Active

Tomo last checked: 11/05/2024 at 4:15 AM

Listing updated: 10/18/2024 at 10:40 AM

Listed by: BJ Brick, Phone #: (231) 941-4500

MLS: Realcomp #78080014232

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