526 E Eighth Street, Traverse City, MI 49686

$497,500
2,346
SqFt

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.