138 W Gillis Street, Traverse City, MI 49684
138 W Gillis Street, Traverse City, MI 49684
138 W Gillis Street, Traverse City, MI 49684
Listed by  Blue Lakes Real Estate Group TC LLC
$490,000
Est. payment /mo
$520,000
5.8%
Est.Price: ?

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2 Beds
2 Baths
904 SqFt
SOLD DATE : 07/23/2026

Key Details

Sold Price $490,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 904 sqft

Price per Sqft $542

MLS Listing ID 1946728

Sold Date 07/23/26

Style Contemporary

Bedrooms 2

Full Baths 2

HOA Fees $500/ann

Year Built 2021

Property Sub-Type Single Family Residence

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

Community Pets Allowed

Rooms

Kitchen Main

Interior

Interior Features Solid Surface Counters, Cable TV, High Speed Internet

Heating Forced Air

Fireplaces Type None

Fireplace false

Appliance Refrigerator, Oven/Range, Dishwasher

Exterior

Community Features Pets Allowed

Waterfront Description Public

Roof Type Membrane

Garage true

Building

Story Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

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Kyle O'Grady

Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® | License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

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