138 W Gillis Street, Traverse City, MI 49684
138 W Gillis Street, Traverse City, MI 49684
138 W Gillis Street, Traverse City, MI 49684
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Catherine McMurray

Catherine McMurray

+1(586) 291-1492
$520,000
Est. payment /mo
2 Beds
2 Baths
904 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 904 sqft

Price per Sqft $575

Subdivision Gillis Street Development

MLS Listing ID 80067576

Style 2 Story

Bedrooms 2

Full Baths 2

Abv Grd Liv Area 904

Year Built 2021

Property Sub-Type Condominium

Property Description

Right in the heart of downtown Traverse City, this well-positioned 2-bedroom, 2-bath condo delivers the kind of lifestyle and income potential that savvy investors are actively seeking. Just steps from the shoreline of Grand Traverse Bay, along with award-winning restaurants, boutique shopping, and year-round events, the location alone drives consistent demand from both visitors and short-term renters. Inside, the layout is efficient and designed for low-maintenance ownership. Clean lines, functional living space, and lock-and-leave simplicity make it ideal as a personal retreat, second home, or turnkey rental. Whether hosting weekend guests or short-term tenants, the space supports ease of use and strong occupancy potential. The defining feature is the private rooftop deck overlooking the bay an elevated outdoor living space that creates a memorable guest experience and sets this unit apart in the rental market. Morning coffee with water views, sunset evenings above the city, and walkability to everything downtown all translate into lifestyle-driven value that today’s renters are willing to pay for. For investors, this is more than a downtown condo, it’s a strategic asset in one of Northern Michigan’s most desirable markets. A property that not only offers enjoyment but also the potential to generate income and offset ownership costs in a high-demand, four-season destination.

Location

State MI

County Grand Traverse

Area Traverse City (28021)

Zoning Residential

Interior

Heating Forced Air

Cooling Central A/C

Appliance Dishwasher, Range/Oven, Refrigerator

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

Amenities Available Grounds Maintenance, Pets-Allowed

Garage Yes

Building

Story 2 Story

Foundation Slab

Water Public Water

Architectural Style Contemporary

Structure Type Stucco

Schools

School District Traverse City Area Public Schools

Others

HOA Fee Include Maintenance Grounds,Snow Removal,Trash Removal

Ownership Private

Energy Description Electric

Financing Cash,Conventional,Exchange/Trade

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MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Blue Lakes Real Estate Group TC LLC

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Catherine McMurray

Catherine McMurray

+1(586) 291-1492

Agent | License ID: 6501395313

Agent License ID: 6501395313

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