115 Franklin Street Traverse City, MI 49686
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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 TypeSingle Family Home
- NeighborhoodN/A
- CountyN/A
- Taxes$10,308
- HOA/Condo/Coop Fees$0
- Days on Site9 Days
- MLS StatusActive
- MLS ID Number1918862
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.11 Acres
- Full Baths1
- Partial Baths3
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General Features
- Style 2 StoryVictorian
- Construction Frame
- Parking None
- Basement Stone
- Acreage 0.11
- Property Sub Type Single Family Residence
- Garage Spaces 0
- Foundation Stone
- Zoning Residential, Commercial, Other
Interior Features
- Cooling Central Air
- Heating Natural GasHot Water
- Appliances RefrigeratorOven/ RangeDishwasherMicrowaveWasherDryerOther
- Interior Bay Window(s)Foyer EntranceOtherIsland KitchenFormal Dining RoomDen/Study
- Fireplace Features Fireplace(s)
- Fireplace Yes
Exterior Features
- Roof Asphalt
- Spa No
- Waterfront Features Bay View
- Exterior Bay ViewSidewalkOtherCovered Porch
- Lot Corner LotClearedLevel
- Other Structures None
Community Features
- Township Traverse City
- Community Features None
- MLS Area Grand Traverse