607 W Front, Traverse City, MI 49684
sale
$1,600,000
|
Commercial-Other
Listed By CENTURY 21 Signature Realty
5580 State Street, Saginaw, MI 48603
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.
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Property Features
- Cross Docks: N
- For Auction: N
- Heating - Fuel Type: Gas
- MLSID: 50225991
- Parking Places: 0
- Price Per Area: 0.00
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Water: City Water
- Water: Municipal Water
- Year Built: 1895
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