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!
Sold for $1,100,000
$1,100,000
115 Franklin St, Traverse City, MI 49686
3beds
2,704sqft
Single Family Residence
Built in 1930
4,791.6 Square Feet Lot
$1,151,800 Zestimate®
$407/sqft
$4,081 Estimated rent
Home value
$1,151,800
$1.03M - $1.29M
$4,081/mo
Zestimate® history
Owner options
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$4,081/mo
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$5,338/mo
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List your homeWhat's special
Corner fireplaceLarge officeFoyer entryBeautiful wood floorsSolid oak pocket doorsTraditional covered porchSpacious rooms
Zillow last checked:
Listing updated:
Listed by:
Robert Brick 231-941-4500,
REMAX Bayshore - W Bay Shore Dr TC 231-941-4500
Bought with:
Robert Brick, 6502134537
REMAX Bayshore - W Bay Shore Dr TC
Source: NGLRMLS,MLS#: 1918862
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 183.92
- Dimensions: 13.1 x 14.04
Bedroom 2
- Level: Upper
- Area: 182.8
- Dimensions: 14.04 x 13.02
Bedroom 3
- Level: Upper
- Area: 122.33
- Dimensions: 12.1 x 10.11
Bedroom 4
- Level: Upper
- Area: 122.23
- Dimensions: 12.09 x 10.11
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 122.77
- Dimensions: 11.1 x 11.06
Family room
- Level: Main
Kitchen
- Level: Main
- Area: 91.39
- Dimensions: 10.11 x 9.04
Living room
- Level: Main
- Area: 209.38
- Dimensions: 13.07 x 16.02
Heating
- Hot Water, Natural Gas, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Other
- Laundry: Upper Level
Features
- Entrance Foyer, Other, Kitchen Island, Den/Study, Cable TV, High Speed Internet
- Flooring: Carpet, Vinyl, Other
- Windows: Bay Window(s)
- Has fireplace: Yes
Interior area
- Total structure area: 2,704
- Total interior livable area: 2,704 sqft
- Finished area above ground: 2,704
- Finished area below ground: 0
Property
Parking
- Parking features: None, Concrete, Alley Access
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Sidewalk, Other
- Has view: Yes
- View description: Bay, Bay View
- Has water view: Yes
- Water view: Bay
Lot
- Size: 4,791 sqft
- Features: Corner Lot, Cleared, Level
Details
- Additional structures: None
- Parcel number: 5163410700
- Zoning description: Residential,Commercial,Other
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: None
Location
- Region: Traverse City
- Subdivision: Hannah Lay & Co's 5th Add
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing agreement: Exclusive Right Sell
- Price range: $1.1M - $1.1M
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2025 | Sold | $1,100,000-13.7%$407/sqft |
Source:  NGLRMLS #1918862 Report a problem | ||
| 5/23/2024 | Pending sale | $1,275,000$472/sqft |
Source:  RE/MAX of Michigan #1918862 Report a problem | ||
| 2/15/2024 | Price change | $1,275,000-5.6%$472/sqft |
Source: NGLRMLS #1918862 Report a problem | ||
| 1/25/2024 | Listed for sale | $1,350,000$499/sqft |
Source: NGLRMLS #1918862 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,198 +57.1% | $483,400 +9.1% |
| 2024 | $10,308 +4.7% | $443,000 +23.7% |
| 2023 | $9,843 -14% | $358,100 +15.1% |
| 2022 | $11,450 +1% | $311,200 +5.9% |
| 2021 | $11,334 +0.6% | $294,000 +1.6% |
| 2020 | $11,267 | $289,400 -2.9% |
| 2019 | $11,267 +2% | $298,000 +8.9% |
| 2018 | $11,042 | $273,700 +0.2% |
| 2017 | -- | $273,200 +13.1% |
| 2016 | -- | $241,600 +0.8% |
| 2014 | -- | $239,600 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Eastern Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 7/10Central High SchoolGrades: 8-12Distance: 1.1 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 4.6 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Grand Traverse County
- Traverse City
- 49686
- Downtown
- 115 Franklin St
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