425 Boardman Avenue Traverse City, MI 49684

Property Description

One of downtown Traverse City’s most unique and chic mixed-use real estate opportunities! The Box, as it is aptly named (the building was once a cigar box factory) is located on the up-and-coming 8th Street corridor, which the city just completely revamped with $7M worth of improvements. Currently, the main floor of The Box is used as a luxury residence (which owners rent on short term basis for part of the year), with businesses leasing the lower level (a boutique wellness/fitness company) and the upper level (a work-sharing space for non-profits). There’s also a fabulous studio condo above the two car garage, currently used as a short term rental. In between the main building and the detached garage is a beautifully landscaped courtyard with fire-pit and lounge seating. Opportunities abound here… easy to modify the space for new owners with different uses. Keep the main floor as your main residence and enjoy the income from leasing the upper/lower levels and studio condo.. convert the main floor to commercial space (would make a great event space that would likely demand top dollar for corporate events/weddings). Also listed under commercial multi-use, MLS #1869542

Property Information

Current Price$2,150,000.00
Bedrooms3 beds
Bathrooms6 baths
Sq. Ft.12,800 ft²
Lot Size0.33 acres

Details

Listing StatusActive
Year Built1,920

Financial Data

Current Price$2,150,000.00
Original Price$2,300,000.00

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Fred Schmidt
Broker
Michigan | Ohio | Florida | St Croix

    Additional Information

    CityTraverse City
    StateMI
    CountyGrand Traverse
    MLS ID1869553
    School DistrictTraverse City Area Public School
    WaterfrontNo
    BrokerageColdwell Banker Schmidt-522
    522 E Front St Traverse City MI 49686