115 Franklin Street Traverse City, MI 49686

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!

Property Information

Current Price$1,275,000.00
Bedrooms3 beds
Bathrooms3 baths
Sq. Ft.2,704 ft²
Lot Size0.11 acres

Details

Listing StatusActive
Year Built1,930

Financial Data

Current Price$1,275,000.00
Original Price$1,350,000.00
Property Taxes$10,308.08

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Fred Schmidt
Broker
Michigan | Ohio | Florida | St Croix

    Additional Information

    CityTraverse City
    StateMI
    CountyGrand Traverse
    MLS ID1918862
    School DistrictTraverse City Area Public School
    WaterfrontNo
    BrokerageREMAX Bayshore - W Bay Shore Dr TC
    12930 S West Bay Shore Dr Traverse City MI 49684