$520,000
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138 W Gillis ST Traverse City, MI 49684
2 Beds
2 Baths
904 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 904 sqft
Price per Sqft $542
Subdivision Gillis Street Development
MLS Listing ID 78080069812
Sold Date 07/23/26
Style Contemporary
Bedrooms 2
Full Baths 2
HOA Fees $500/mo
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 todays renters are willing to pay for. For investors, this is more than a downtown condo, its a strategic asset in one of Northern Michigans 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 Area28042Traversecity
Interior
Heating Electric, Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features OneCarGarage, Attached, Garage
Garage Spaces 1.0
View Y/N No
Garage true
Building
Foundation Slab
Sewer Shared Septic
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Conventional, Trade1031Exchange
Listing Terms Cash, Conventional, Trade1031Exchange
Special Listing Condition Standard
Pets Allowed Yes
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Bought with The Mitten Real Estate Group
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