115 Franklin Street
Traverse City, MI 49686
- 3 beds
- 3 baths
- 2,704 sqft
- 4,792 sqft lot
- $406 per sqft
- 1930 build
- – on site
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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!
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Last updated Feb 4, 2025
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MLS# 1918862 —
The Building
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Construction:frame
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Style:2 story, victorian
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Roof:asphalt
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Foundation:stone
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Exterior Finish:Vinyl
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Eco Features:no
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SqFt:2704
Interior
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Features:Bay Window(s), Foyer Entrance, Other, Island Kitchen, Formal Dining Room, Den/Study
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Kitchen Floor Covering:vinyl
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Dining Floor:Carpet
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Family Room on:Main Floor
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Family Room Floor Covering:carpet
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Laundry on:Upper Floor
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Laundry Floor Covering:other
Financial & Terms
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Seller Concessions:no
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Financing:Conventional Mortgage
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Terms:Conventional, Cash
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Pending Divisional Approval:no
Location
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Latitude:44.763631
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Longitude:-85.610939
The Property
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Principal Residence:yes
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Parcel Description:other
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Lot Dimensions:Irregular
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Land Features:Corner Lot, Cleared, Level
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Acres:0.11
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Zoning:Residential, Commercial, Other
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Exterior Features:Bay View, Sidewalk, Other, Covered Porch
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Deeded Waterfront:no
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Water Features:Bay View
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Road:public maintained, blacktop
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Mineral Rights:Unknown
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Price Per SqFt:406.8
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (231) 941-4500
Taxes
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Tax ID:51-634-107-00
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Summer Taxes:$9,195.76
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Winter Taxes:$1,112.32
Beds
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1st Bedroom on:Upper Floor
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1st Bedroom Floor Covering:carpet
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2nd Bedroom on:Upper Floor
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2nd Bedroom Floor Covering:carpet
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3rd Bedroom on:Upper Floor
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3rd Bedroom Floor Covering:carpet
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4th Bedroom on:Upper Floor
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4th Bedroom Floor Covering:carpet
Baths
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Master Bath:private
Heating & Cooling
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Fireplace/Stove:Fireplace(s)
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Heating & Cooling:Hot Water, Central Air
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Heating & Cooling Source:natural gas
Utilities
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Water:Municipal
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Sewer:Municipal
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TV Service/Internet:Cable TV, Cable Internet
Appliances
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Appliances:Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Other
Schools
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School District:Traverse City Area Public Schools
The Community
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Subdivision:MI
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Amenities:None
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Association Fee Includes:None
Parking
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Primary Garage:none
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Driveway:Concrete, Alley Access
Extra Units
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Additional Buildings:none
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/27/24
Nov 27, 2024
|
REALCOMP | $1,275,000 | 183.3% (17.7% / YR) | |
|
7/25/14
Jul 25, 2014
|
REALCOMP | $450,000 | ||
|
5/22/14
May 22, 2014
|
Price Changed | NGLRMLS |
