517 E Eighth Street Traverse City, MI ^$ 390,000

517 E Eighth Street

^$ 390,000

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Recently Listed

517 E Eighth Street

Traverse City, MI, 49686

^$ 390,000

Bedrooms-- Baths2.0 Sq 820

Monthly Estimate*

^$ 2,401

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Commercial Property for sale in Traverse City, MI

for $390,000 with 2 full baths. This 820 square foot building was built in 1886 on a lot size of 0.13.

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 Jewelery, 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

Commercial Active

Price

^$ 390,000

Full Bath

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.13

Year Built

1886

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1942097

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Central Air

Possession Close Of Escrow

Roof Asphalt Metal

Construction Materials Frame Aluminum Siding

Year Built 1886

Township Traverse City

Property Subtype Retail

Business Type Professional/Office Retail

Accessibility None

Assoc Fee Paid Per Annually

Business Name was Freund Jewelers

County Grand Traverse

New Construction N

Property Type Commercial Sale

Attached Garage N

Subdivision Name N/A

Garage Y/N N

Building Features None

Rent Includes None

Status New

Directions On the north side of E Eighth Street between Franklin & Wellington.

City Traverse City

Zoning Description Residential Multi-Family Office Retail Commercial Restaurant/Food

Lot Size Units Acres

Lot Size Square Feet 5662.8

Carport Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Lease Considered Y/N N

Living Area Units Square Feet

Standard Status Active

Tax Assessed Value 63797

Ownership Type Private Owner

Lease Amount Frequency Annually

Legal Description partial from tax record: E'LY 34.5 FT OF LOT 14 BLK 16 ORIG PLAT

Year Built Effective 2003

Freehold IDX

Interior

Basement Michigan Basement

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Below Grade Finished Area Unit Type Square Feet

Above Grade Finished Area Unit Type Square Feet

Total Baths 2

Exterior

Parking Features Parking Lot

Lot Features Freestanding

Water Source Public

Lot Size Area 0.13

Spa N

Lot Dimensions 35' x 165'

Lot Size Acres 0.13

Road Surface Type Asphalt

Other Parking Parking Lot

Waterfront Y/N N

Road Responsibility Public Maintained Road

Horse Y/N N

* Excluded Features

List By

Coldwell Banker Schmidt Traverse City

Broker

Off: 231-922-2350

Contact

Affordability Calculator

$2,401

Per Month

Monthly Principal & Interest: $2,401
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$647,737

Percent of Sale Price 66%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2034270 Elementary School

2034440 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/5/2026	$390,000		Listed Price

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517 E Eighth Street, Traverse City, MI, 49686 is a Commercial Property for sale at $390,000 with 820 sqft and a lot size of 0.13. 517 E Eighth Street has 2.0 baths and was built in 1886. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern Great Lakes REALTORS® MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 2/6/2026.

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517 E Eighth Street

Commercial Property for sale in Traverse City, MI

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