425 Boardman Avenue Traverse City, MI 49684
Listing Courtesy of:NORTHERN GREAT LAKES / Coldwell Banker Schmidt Realtors Traverse City 522 / Shawn Schmidt Smith
$2,150,000
3
BED
7
BATH
12,800
SQFT
  425 Boardman Avenue Traverse City, MI 49684
Active (680 Days)

Comments

One of downtown Traverse City's most unique and chic mixed-use real estate opportunities! The Box, as it is aptly named (the building was once a cigar box factory) is located on the up-and-coming 8th Street corridor, which the city just completely revamped with $7M worth of improvements. Currently, the main floor of The Box is used as a luxury residence (which owners rent on short term basis for part of the year), with businesses leasing the lower level (a boutique wellness/fitness company) and the upper level (a work-sharing space for non-profits). There's also a fabulous studio condo above the two car garage, currently used as a short term rental. In between the main building and the detached garage is a beautifully landscaped courtyard with fire-pit and lounge seating. Opportunities abound here... easy to modify the space for new owners with different uses. Keep the main floor as your main residence and enjoy the income from leasing the upper/lower levels and studio condo.. convert the main floor to commercial space (would make a great event space that would likely demand top dollar for corporate events/weddings). Also listed under commercial multi-use, MLS #1869542

MLS #:
1869553
Lot Size
0.33 acres
Type
Single-Family Home
Year Built
1920
Style
Contemporary, 2+ Story, In-Law Suite or Apartment
School District
Traverse City Area Public School
County
Grand Traverse County
Community
Traverse City
Bathroom Details
  • Full Bathroom:1
  • 3/4 Bathrooms:4
  • Half Bathrooms:2
Interior Features
  • Refrigerator
  • Disposal
  • Dishwasher
  • Washer
  • Dryer
  • Microwave
  • Blinds
  • Drapes
  • Natural Gas Water Heater
  • Den/Study
  • Drywall
  • Walk-In Closet(s)
  • Foyer Entrance
  • Breakfast Nook
  • Beamed Ceilings
  • Workshop
  • Ceiling Fan
  • Island Kitchen
  • Great Room
  • Wall Oven
  • Mud Room
  • Solid Surface Counters
  • Exercise Room
  • Granite Kitchen Tops
  • Cook Top
  • Granite Bath Tops
  • Other
  • Smoke Alarms(s) Built-In Bookcase
Subdivision
  • Mi
Lot Information
  • Level
  • Corner Lot
Property Features
  • Foundation:Full
  • Foundation:Poured Concrete
  • Foundation:Block
  • Foundation:Finished Rooms
  • Foundation:Entrance Inside
  • Foundation:Daylight Windows
  • Foundation:Full Finished
  • Foundation:Plumbed for Bath
Heating and Cooling
  • Forced Air
  • Central Air
  • Zoned/Dual
Exterior Features
  • Other
  • Block
  • Roof:Membrane
Utility Information
  • Sewer:Municipal
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Dec 10, 2020
Price Changed
$2,150,000
-7%
-150,000
Nov 12, 2019
Original Price
$2,300,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.