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Sold

THE BOX

425 Boardman Avenue, Traverse City, MI 49682

$1,950,000

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 home & investment property 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).

Listing Agent - Shawn Schmidt Smith

3
beds

5
baths

0.33 Acres lot

Features & Amenities

Interior

  • total bedrooms3
  • Total bathrooms5
  • full bathroom1
  • three quarter bathrooms4
  • half bathrooms2
  • KITCHEN 16 x 50
  • Laundry room Main Floor
  • APPLIANCES Refridgerator, Disposal, Dishwasher, Microwave, Washer, Dryer, Wall Oven, Cook Top
  • other interior Features Commercial Space, Remodeled in 2014

Area & Lot

  • Status Sold
  • Total Area12,800 Sq.Ft.
  • Lot Area0.33 Acres
  • MLS® ID1869542
  • TypeRESIDENTIAL, COMMERCIAL
  • YEAR BUILT1920
  • LifestylesHistoric
  • Architecture StylesOther

Exterior

  • STORIES2
  • Garage Space2
  • water SourceMunicipal
  • utilitiesDish TV, Cable TV, Cable Internet, DSL
  • roofMembrane
  • lot featuresCourt Yard
  • parkingPrivate
  • HEAT TYPENatural Gas, Forced Air, Zoned
  • AIR CONDITIONINGCentral Air

Financial

  • Sales Price$1,950,000

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