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Rita Rathburn

  • MLS® #: 1869542
  • 425 Boardman Avenue

  • Traverse City, Michigan 49684
  • $2,300,000
  • 6 Bath, 12800 SQ. Feet, 0.33 Acres
  • Commercial

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).

Essential Information

  • MLS® #1869542
  • Price$2,300,000
  • Bathrooms6.00
  • Square Footage12,800
  • Acres0.33
  • Year Built1920
  • TypeCommercial
  • Sub-TypeMixed Use, Commercial Sale
  • StatusActive

Community Information

  • Address425 Boardman Avenue
  • SubdivisionThe Box
  • CityTraverse City
  • TownshipTraverse City
  • CountyGrand Traverse
  • StateMichigan
  • Zip Code49684

Amenities

  • FeaturesElevator
  • Parking Spaces10

Utilities

WATER: Municipal Water SEWER: Municipal

Parking

Parking Lot, Street Parking, Other

Interior

  • Has BasementYes

Heating

Natural Gas, Central Air, Forced Air, Zoned/Dual

Basement

Block, Full Finished, Finished Rooms, Plumbed for Bath, Daylight Windows, Entrance Inside, Full, Poured Concrete

Exterior

  • Exterior FeaturesBlock
  • Lot Description66X165
  • RoofMembrane
  • ConstructionBlock, Steel, Other

Additional Information

  • Days on Market144
  • ZoningCommercial, Residential
  • Ownership TypePrivate Owner
  • OfficeColdwell Banker Schmidt-522
  • Office Address522 E Front St

Property Location

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.