115 Franklin Street Traverse City, MI 49686
Listing Courtesy of: REALCOMP / Remax Bayshore W Bay Shore Dr Tc

  115 Franklin Street Traverse City, MI 49686

Active (302 Days)
$1,275,000
3
BED
4
BATH
2,704
SQFT

Description

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!

MLS #:
78080014232
Lot Size
4,792 SQFT
Type
Single-Family Home
Year Built
1930
School District
Traverse City
County
Grand Traverse County

Listed By

Bj Brick, Remax Bayshore W Bay Shore Dr Tc
Source
REALCOMP
Last checked Nov 23 2024 at 1:26 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
  • Half Bathrooms: 2
Interior Features
  • Other
Kitchen
  • Washer
  • Refrigerator
  • Range/Stove
  • Oven
  • Microwave
  • Dryer
  • Dishwasher
Subdivision
  • Hannah Lay & Co's 5th Add
Lot Information
  • Corner Lot
Heating and Cooling
  • Hot Water
  • Central Air
Utility Information
  • Utilities: Public (Municipal)
  • Sewer: Shared Septic (Common)
  • Fuel: Natural Gas
Stories
  • 2 Story
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 15, 2024
Price Changed
$1,275,000
-6%
-75,000
Jan 25, 2024
Original Price
$1,350,000
-
-
Disclaimer: Copyright 2024 RealComp MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/4/24 07:12