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  • 1 BDRM
  • 1 BTH
  • 662 SQ.FT
  • 0′ WF
143 E Eighth Street Traverse City MI 49684
$250,000
Status: Sold In House

Description

This stunning 1 bedroom, 1 bathroom ground-level condominium offers the ideal blend of comfort and profit potential. Located in the vibrant core of downtown Traverse City, this fully furnished unit is primed for success as a short-term rental investment. Step inside and be greeted by beautiful heated hardwood flooring, exuding warmth and luxury. The kitchen boasts sleek granite countertops, perfect for preparing gourmet meals or entertaining guests. Every detail has been carefully considered to create a welcoming atmosphere. But, the real gem lies in its investment potential. With its prime location, this condo is perfectly positioned to generate short-term rental income. Traverse City's booming tourism industry and year-round attractions ensure a steady stream of potential guests, allowing you to maximize your returns.

Directions

Eighth Street between Cass and Union.

Disclaimer

Copyright © 2025 Northern Great Lakes Realtors (NGLR) Listing provided by Northern Great Lakes Realtors (NGLR). The information in this listing was gathered from third-party sources including the seller. Home Waters LLC its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Property Listed By

Key Realty One-tc. 310 W. Front Street, Ste.310F Traverse City MI 49684

About Downtown

Downtown is the heart and soul of Traverse City.  Enjoy Clinch Park and West End Beach with all of the fun in the sun that it brings in the summer on Grand Traverse Bay.  Rent kayaks or SUP's, swim at the public beaches, serve up some beach volleyball at the established courts, ride or run the TART trail along the beach, or enjoy the marina and expansive Open Space.  

Many of the well-known Front Street businesses are in this neighborhood.  Find incredible restaurants and shops, catch a movie at State Theatre or The Bijou by the Bay, or just stroll and explore the historic streets and buildings.   This is where you'll find all of the festivals including Cherry, Film, Comedy, and more!  Boardman River meanders its way to the bay through Downtown Traverse City from Boardman Lake to the south.

History

Just along the border of the Downtown neighborhood is the site of the Traverse City History Center, which is dedicated to the preservation, protection, and presentation of the historical record of Traverse City and the Grand Traverse Region. The History Center of Traverse City will collaborate with and support other historically focused groups and organizations, present educational programs and events. 

In 1847, Captain Boardman of Naperville, Illinois, purchased the land at the mouth of the Boardman River at the head of the west arm of the bay. During that year the captain, his son, and their employees built a dwelling and sawmill near the mouth of the river. In 1851 the Boardmans sold the sawmill to Hannah, Lay & Co (Perry Hannah, Albert Tracy Lay and James Morgan), who improved the mill greatly. The increased investment in the mill attracted additional settlers to the new community.

Landmarks

One special landmark is the beautiful City Opera House, built in 1891 and beautifully renovated with more than $8.5 million in exquisite restoration work. The City Opera House is one of six historically intact Victorian opera houses in Michigan and has hosted everything from plays, concerts and operettas, to gala balls, social functions, community festivals and celebrations. The City Opera House truly is a community-based, community-supported gathering space for Grand Traverse residents and visitors alike.

Built by Henry D. Campbell on park land purchased from the city in 1873, the Park Place Hotel started as the Campbell House Hotel. Five years later, lumber barons J. Perry Hannah and A. Tracy Lay bought and upgraded the property to levels of opulence and service equal to the era's world-class hotels. Appropriately, they re-named it Park Place.

Year Units Sold Total Volume Average Sale High Sale Low Sale
2017 19 $11,160,194 $587,379 $2,409,184 $229,900
2018 15 $8,212,325 $547,488 $1,175,000 $290,000
2019 14 $7,545,806 $538,986 $1,113,805 $195,000

 

Real estate evaluation can be a very subjective measure. These properties were chosen based on a simple series of objective numbers and may not actually be very similar to the property being searched. Contact a professional REALTOR for assistance in evaluating any given property.

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Contact Mandy Brown today!

(231) 499-8425