MI > Grand Traverse > Traverse City > 115 Franklin Street

$1,275,000

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  • 3 Bedrooms
  • 1 Full Bath
  • 1 3/4 Bath
  • 2 Half Bath
  • 2,704 SqFt
  • MLS# 1918862
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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 
County
Grand Traverse 
Township
Traverse City 
Possession
Negotiable 
Zoning
Commercial, Other, Residential
Property Type
Residential
Listing Date
01/25/2024 
Total Finished SqFt
2,704 
Above Grade SqFt
2,704 
Unfinished SqFt
1,000 
Garage Desc.
None 
Waterfront Desc
Bay View 
Water
Municipal
Sewer
Municipal
Year Built
1930 
Home Style
2 Story, Victorian 

School Information

School District
Traverse City 

Taxes

Taxes
$10,308 
Summer Taxes
$9,195 
Winter Taxes
$1,112 

Rooms and Land

Laundry
2nd Floor
Living
13.07X16.02 1st Floor
PrimaryBedroom
13.10X14.04 2nd Floor
Bedroom2
14.04X13.02 2nd Floor
Bedroom3
12.10X10.11 2nd Floor
Bedroom4
12.09X10.11 2nd Floor
Dining
11.10X11.06 1st Floor
Family
1st Floor
Kitchen
10.11X9.04 1st Floor
Basement
Stone 
Cooling
Central Air, Hot Water, Natural Gas 
Heating
Central Air, Hot Water, Natural Gas 
Acreage
0.11 
Lot Dimensions
Irregular 
Appliances
Dishwasher, Dryer, Microwave, Other, Oven/Range, Refrigerator, Washer 

Features

Fireplace Desc.
Fireplace(s) 
Interior Features
Bay Window(s), Den/Study, Formal Dining Room, Foyer Entrance, Island Kitchen, Other 
Exterior Materials
Vinyl 
Exterior Features
Bay View, Covered Porch, Other, Sidewalk 
Additional Buildings
None 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
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 294
1918883 Contingency Active May 21 2024 11:47AM 293
1918883 Active Contingency Apr 29 2024 10:30AM 293
1918883 Contingency Active Apr 29 2024 9:15AM 293
1918883 Feb 15 2024 3:46PM $1,275,000 $1,350,000 293
1918883 Active Jan 26 2024 10:16AM $1,350,000 293
1918862 Active Jan 25 2024 11:46AM $1,350,000 294
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, emails, and texts from Max Broock and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

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 • Bed: 3 • Bath: 1/2