MI > Traverse City > Hannah Lay & Co'S 5Th
Traverse City, MI 49686,115 Franklin Street
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Traverse City, MI 49686,115 Franklin Street
Traverse City, MI 49686,115 Franklin Street
Traverse City, MI 49686,115 Franklin Street
Traverse City, MI 49686,115 Franklin Street
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Tim Sova

Tim Sova

+1(810) 844-2316
$ 1,275,000
Est. payment /mo
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Accepting Backup Offers

115 Franklin Street Traverse City, MI 49686

2,704 SqFt

UPDATED:

11/15/2024 07:50 PM

Key Details

Property Type Commercial

Listing Status Accepting Backup Offers

Purchase Type For Sale

Square Footage 2,704 sqft

Price per Sqft $471

Subdivision Hannah Lay & Co'S 5Th

MLS Listing ID 78080014253

Originating Board Aspire North REALTORS®

Year Built 1930

Annual Tax Amount $10,308

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions Irregular

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 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!

Location

State MI

County Grand Traverse

Area Traverse City

Zoning Commercial,Multi-Family,Office,Other,Residential

Interior

Heating Hot Water, Central Air

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame,Vinyl

Schools

School District Traverse City

Others

Tax ID 5163410700

Ownership Private Owned

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Unknown/Data Share Listings

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by BJ Brick of REMAX Bayshore - W Bay Shore Dr TC

Tim Sova

Broker Associate

+1(810) 844-2316

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