$849,000

This property offers something genuinely uncommon in Traverse City, a fully furnished, high-end studio apartment above a professional office space, all on a buildable second lot with 16 parking spaces and 165 feet of Cass Street frontage. Completely renovated in 2018 down to the framing, the building is 1,792 sq ft total. The upstairs studio (896 sq ft) is the residential centerpiece: a full kitchen with high-end finishes, a marble-tiled bathroom with a custom shower and in-floor radiant heat, a large custom walk-in closet with built-in storage, washer and dryer, and a PVC block wall that creates a private, separated sleeping area distinct from the main living space. The apartment comes fully furnished and is move-in ready or rental-ready as an income-producing unit. A spiral staircase leads to the upper level, and an outdoor deck offers Boardman Lake views. Outside, a fenced area currently set up with a fire pit and seating provides a private outdoor retreat equally functional as a dog pen or entertaining space. The location adds to the appeal: the Boardman Lake Loop Trail and TART Trail network for biking and walking are close by, putting some of Traverse City's best outdoor access within easy reach. The main floor (896 sq ft) is currently configured as a professional office with three private rooms, a half bath, and a reception area with a built-in desk. The property carries a unique Live/Work designation, grandfathered commercial use on the lower level is permitted for similar professional uses per the zoning administrator, with R-1b zoning on the parcel. The building is built to last: metal roof, metal siding, natural gas, fully sprinklered with a fire alarm system, ADA compliant, outdoor irrigation, and a digital outdoor sign. The adjacent lot, currently 16 paved parking spaces, is buildable, with potential for a second dwelling or up to two duplexes.