MI > Traverse City > Hannah Lay & Co'S 5Th Add
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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$1,275,000
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3 BD
3 BA
2,704 SqFt
Accepting Backup Offers

115 Franklin Street Traverse City, MI 49686

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David Elwood

David Elwood

+1(248) 568-5958

UPDATED:

11/15/2024 07:00 PM

Key Details

Property Type Single Family Home

Sub Type Victorian

Listing Status Accepting Backup Offers

Purchase Type For Sale

Square Footage 2,704 sqft

Price per Sqft $471

Subdivision Hannah Lay & Co'S 5Th Add

MLS Listing ID 78080014232

Style Victorian

Bedrooms 3

Full Baths 2

Half Baths 2

HOA Y/N no

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 cant 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

Rooms

Kitchen Dishwasher, Dryer, Microwave, Oven, Range/Stove, Refrigerator, Washer

Interior

Interior Features Other

Heating Hot Water

Cooling Central Air

Fireplace yes

Appliance Dishwasher, Dryer, Microwave, Oven, Range/Stove, Refrigerator, Washer

Heat Source Natural Gas

Exterior

Waterfront no

Porch Porch

Garage no

Building

Lot Description Corner Lot

Sewer Shared Septic (Common)

Water Public (Municipal)

Architectural Style Victorian

Level or Stories 2 Story

Structure Type Vinyl

Schools

School District Traverse City

Others

Tax ID 5163410700

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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

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David Elwood

Broker Associate | License ID: 6506045662

+1(248) 568-5958

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115 Franklin Street