$1,100,000
$1,275,000
13.7%For more information regarding the value of a property, please contact us for a free consultation.
115 Franklin Traverse City, MI 49686
3 Beds
2 Baths
2,704 SqFt
Key Details
Sold Price $1,100,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,704 sqft
Price per Sqft $406
Municipality Traverse City
Subdivision Traverse City
MLS Listing ID 80014232
Sold Date 02/04/25
Bedrooms 3
Full Baths 2
Originating Board MiRealSource
Year Built 1930
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions Irregular
Property Sub-Type Single Family Residence
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 fini
Location
State MI
County Grand Traverse County
Interior
Heating Hot Water
Cooling Central Air
Window Features Bay/Bow
Appliance Dryer, Microwave, Oven, Range, Refrigerator, Washer
Laundry Upper Level
Exterior
Exterior Feature Porch(es)
View Y/N No
Garage No
Building
Lot Description Corner Lot, Sidewalk
Structure Type Vinyl Siding
Schools
School District Traverse City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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