46
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$1,700,000
Est. payment /mo
4 Baths
8,300 Acres Lot
New
607 W Front Street Traverse City, MI 49684
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Traverse City
Subdivision Traverse City
MLS Listing ID 50208734
Year Built 1895
Lot Size 8300.000 Acres
Acres 8300.0
Lot Dimensions 50 x 166
Source MiRealSource
Property Description
Mid-Michigan Investors: Take a look at this irreplaceable, blue-chip asset located in the vibrant epicenter of downtown Traverse City. Situated at 607 West Front St, this fully remodeled 4-plex sits in a prime C-2 Commercial Zone, which provides excellent relief from the tight short-term rental caps that limit typical residential properties in town. The historic 1895 Victorian was extensively renovated top-to-bottom in 2021 with full city approvals. Every space has been thoughtfully styled and furnished to maximize layout functionality. The building breakdown includes: -Unit 1: 1 Bed / 1 Bath -Unit 2: 2 Bed / 1 Bath -Unit 3: Upper 1 Bed / 1 Bath -Unit 4: 1 Bed / 1 Bath X-FACTOR LAYOUT: Two units feature built-in Murphy beds, and all units include full-size, pull-out sofas. You can open up the internal connecting doors to transform the entire building into one massive rental configured to sleep up to 24 people across 12 beds. It is an ideal setup for large vacation groups. COMMERCIAL POTENTIAL: The flexible C-2 zoning allows for a wide array of potential uses, including premium offices, boutique retail, or corporate housing. Under local zoning, there is potential for vertical expansion up to 45 feet, offering a strong opportunity to unlock upper-story bay views due to the property's elevated site layout. Buyers to verify all specific development plans with local planning departments.
Location
State MI
County Grand Traverse County
Rooms
Basement Slab, Partial
Interior
Cooling Wall Unit(s)
Exterior
View Y/N No
Building
Lot Description Sidewalk
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Century 21 Signature Realty
NEARBY SCHOOL & BUSINESS
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