425 Boardman Avenue, Traverse City

$2,300,000

0 Beds
6 Baths
12,800 Sqft
.33 Acres
0 Garages

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
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
Date ListedNovember 12th, 2019
Days on Market146
ZoningCommercial, Residential
Listing Details
OfficeColdwell Banker Schmidt-522
Office Address522 E Front St
Property History
Status Changed from New to Active

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