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Active Under Contract

115 Franklin Street

115 Franklin Street, Traverse City, MI 49686

$1,275,000
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!

3
beds

3
baths

2,704 Sq.Ft. LIVING AREA

4,791.6 Sq.Ft. lot

Bob Brick

Bob Brick

BJ Brick

BJ Brick

Features & Amenities

Interior

  • total bedrooms3
  • Total bathrooms3
  • full bathroom1
  • three quarter bathroom1
  • half bathrooms2
  • Laundry room Upper Level
  • Flooring Other, Carpet, Vinyl
  • APPLIANCES Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Other
  • other interior Features Entrance Foyer, Other, Kitchen Island, Formal Dining Room, Den/Study, High Speed Internet, Cable TV

Area & Lot

  • Status Active Under Contract
  • Living Area2,704 Sq.Ft.
  • Lot Area4,791.6 Sq.Ft.
  • MLS® ID1918862
  • TypeResidential
  • YEAR BUILT1930
  • NeighborhoodTraverse City
  • Architecture StylesVictorian
  • View DescriptionBay View, Bay
  • School DistrictTraverse City Area Public Schools

Exterior

  • STORIES2
  • water SourcePublic
  • roofAsphalt
  • lot featuresCorner Lot, Cleared, Level
  • parkingConcrete, Alley Access, None
  • HEAT TYPEHot Water, Fireplace(s), Natural Gas
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureStone
  • Disability FeaturesNone
  • other exterior FeaturesSidewalk, Other

Financial

  • Sales Price$1,275,000
  • Real Estate Tax $10,308/yr
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 115 Franklin Street, Traverse City, MI 49686. We are reviewing your request and will be in touch shortly!

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