$ 1,700,000
-
$1,700,000
Price -
4
Bed -
4
Bath -
2,245
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 15571 - sbr490501693
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.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
50208734
Year Built
1895
Total Square Footage
2,245
Lot/Acreage
0.19
County
Grand Traverse
Neighborhood
Hannah Lay & Co's
School District
Traverse City Area Public Schools
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Air Cond: Ceiling Fan(s),Wall/Window A/C
- Heating: Boiler
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2245
- Below Ground Sq Ft: n/a
- Basement: Partial
- Other: Eat-In Kitchen
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50 x 166
- Zoning: Commercial,Residential
- Roof:
- Others: Porch
- Sewer: Public Sanitary
- Parking Features: 3 or More Spaces,Paved Driveway
Financial Details
- Tax Amount: $19,271
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
607 W Front Traverse City, MI 49684
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
