Water Views
Address
115 Franklin Street, Traverse City, MI
Price
$ 1,275,000
Property Attributes
- MLS#1918862
- TypeSingle Family
- CountyGRAND TRAVERSE
- CityTraverse City
- AreaGrand Traverse
- NeighborhoodTraverse City
- Zip49686
- Style2 Story,Victorian
- Year Built1930
- Taxes$ 10308
- Price$ 1,275,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms2
- Sqr Footage2704
- Lot Size4,792 SqFt
Data Source:
Northern Great Lakes REALTORS® MLS (NGLRMLS)
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!
| Price History | |
|---|---|
| 1/25/2024 | Listed $1,350,000 |
| 2/15/2024 | 6% - $1,275,000 |
General Features
| Interior Features | Bay Window(s),Foyer Entrance,Other,Island Kitchen,Formal Dining Room,Den/Study |
|---|---|
| Roof | Asphalt |
| Zoning | Residential,Commercial,Other |
| Sewer | Municipal |
| Construction | Frame |
| HOA Fee Includes | None |
| School District | Traverse City Area Public Schools |
Interior Features
| Basement | Stone |
|---|
Exterior Features
| Water Features | Bay View |
|---|---|
| Land Features | Corner Lot,Cleared,Level |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 49686
Price
Taxes
Visits
Year Built
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
