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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

$1,700,000

Est. payment - /mo

4 Beds

4 Baths

2,245 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 2,245 sqft

Price per Sqft $757

Subdivision Hannah Lay & Co'S

MLS Listing ID 61050208734

Style Historic,Victorian

Bedrooms 4

Full Baths 4

Year Built 1895

Lot Size 8300.000 Acres

Acres 8300.0

Property Sub-Type MultiFamily

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

Area Area28042Traversecity

Rooms

Basement Partial

Interior

Interior Features EatInKitchen

Heating Natural Gas, Separate Meters, Steam

Cooling Ceiling Fans, Wall Window Units

Fireplace No

Exterior

Exterior Feature PrivateEntrance

Parking Features Assigned2Spaces, Paved

Community Features Sidewalks, StreetLights

View Y/N No

Building

Foundation Basement, Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Traverse City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition CorporateRelocation, ShortSaleNo

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Listed by Nonkhane Nonnie Saycosie of Century 21 Signature Realty

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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607 W Front ST Traverse City, MI 49684

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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607 W Front ST