MI > Grand Traverse > Traverse City > 115 Franklin Street

$1,275,000

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  • MLS# 1918883
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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

Status
Contingency [?]
Address
115 Franklin Street 
City
Traverse City 
Zip
49686 
Year Built
1930 
Listing Date
01/26/2024 
County
Grand Traverse 
Possession
Negotiable 
Parking
Other 
Price/SqFt
471.52 

Taxes

Summer Taxes
$9,195 
Winter Taxes
$1,112 

Features

Current Use
Other 
Features
Other 
Zoning
Commercial, Multi-Family, Office, Other, Residential, Restaurant/Food, Retail, Special Use 
Water
Municipal Water 
Sub Property Type
Mixed Use 
Licenses
None 
Exterior Features
Vinyl 
Cooling
Central Air, Hot Water, Natural Gas 
Heating
Central Air, Hot Water, Natural Gas 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1918862 Contingency Active May 23 2024 10:29AM 149
1918883 Contingency Active May 21 2024 11:47AM 148
1918883 Active Contingency Apr 29 2024 10:30AM 148
1918883 Contingency Active Apr 29 2024 9:15AM 148
1918883 Feb 15 2024 3:46PM $1,275,000 $1,350,000 148
1918883 Active Jan 26 2024 10:16AM $1,350,000 148
1918862 Active Jan 25 2024 11:46AM $1,350,000 149
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MITAAR Logo

Listing Courtesy of Remax Bayshore - W Bay Shore Dr Tc
Office Address 12930 S West Bay Shore Dr

115 Franklin Street Traverse City
Contact us
$1,275,000
For Sale • Acres: 0.11 • Zoning: Residential,Multi-Family,Office,Retail,Other,Commercial,Restaurant/Food,Special Use