Under Contract
517 E Eighth Street, Traverse City, MI 49686
$355,000
MLS # 1942097 (Northern Great Lakes REALTORS® MLS)
2 bathsBuilt 18860.13 acres
1 / 28
Listing Description
Prime downtown Eighth Street location in growing neighborhood. Perfect for retail, office, residential or development. The deep parking lot provides plenty of parking or allows for expansion of the building or a second building on the property. Most recently the 820 SF main floor was home to Edward Freund Jewelry, but with a full kitchen, full bath, half bath and 2 additional rooms upstairs (another. 300 SF), this could easily be residential or mixed-use. Features new water & sewer line to building within last 5 years and basement with washer & dryer hook-up. Zoned D-2
Source: SparkMLS
About this home
Located in Traverse City in Traverse City, this property offers 2-bath, with original construction dating to 1886.
Currently offered at $355,000.
Electric service is provided by Traverse City Light & Power; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms2
Lot Size0.13 acres
Year Built1886
Location
CityTraverse City
MunicipalityTraverse City
Zip Code49686
CountyGrand Traverse County
Construction & Systems
HeatingForced Air
SewerPublic
Sale & Financing
Listed2/3/2026
Original Price$390,000
Source: SparkMLS
Tax Information
Source: SparkMLS
Legal Description
partial from tax record: E'LY 34.5 FT OF LOT 14 BLK 16 ORIG PLAT
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Daniel J Stiebel
Coldwell Banker Schmidt Traverse City
Frequently Asked Questions about 517 E Eighth Street, Traverse City, MI 49686
Is 517 E Eighth Street, Traverse City, MI 49686 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 517 E Eighth Street, Traverse City, MI 49686 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Traverse City Light & Power. Gas: DTE Gas Company. Sewer: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Traverse City police department or the Grand Traverse County County sheriff's office.
Map
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Monthly payment$2,303
Principal & interest$2,303
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Traverse City Light & Power
Municipal
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
517 E Eighth Street, Traverse City, MI 49686
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Municipality
Traverse City
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