425 Boardman Avenue, Traverse City, MI 49684

$2,300,000
3
BD
7
BA
12,800
SqFt
List Price
$2,300,000
Days on Market
77
Status
ACTIVE
MLS#
1869553
Bedrooms
3
Bathrooms
7
Full Baths
1
Half Baths
2
Three Quarter Baths
4
Living Area
12,800
Lot Size (Acres)
0.33
Style
Contemporary, In-Law Suite or Apartment, 2+ Story
Year Built
1920

Property Description

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 $7million 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

Additional Information

Building Name
The Box
Interior Features
Built-In Bookcase, Foyer Entrance, Walk-In Closet(s), Breakfast Nook, Other, Granite Bath Tops, Granite Kitchen Tops, Solid Surface Counters, Island Kitchen, Mud Room, Great Room, Den/Study, Exercise Room, Workshop, Beamed Ceilings, Drywall
Amenities
None
Garage Spaces
2
Exterior Features
Sprinkler System, Patio, Sidewalk, Fenced Yard, Landscaped, Garden Area
Roof
Membrane
Water
Municipal
Sewer
Municipal
School District
Traverse City Area Public Schools

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Schmidt-522.