526 E Eighth Street, Traverse City, MI 49686


Property Description

Excellent opportunity in the heart of downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is currently comprised of 3 fully equipped units all with a solid long term rental history. Flexible D-2 zoning allows for C-2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Transform into commercial endeavor, turn back into a single family residence with a bonus freestanding office, in-law suite, guest apartment, studio, or keep it as turn key rental property. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.

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Listing courtesy of Coldwell Banker Schmidt-402.