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138 W Gillis St #19, Traverse City, MI, 49684

2beds
2baths
904sqft
$550,000
$608price/sqft
$3,507/moest. monthly cost
$140,280/yrincome needed

About This Home

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.

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
82
BikeVery Bikeable

Schools

8/10
Central Grade SchoolGrades PK-60.4 mi
7/10
Central High SchoolGrades 8-122.0 mi
7/10
East Middle SchoolGrades 6-85.3 mi

Construction

Condition

  • Year built: 2021

Materials

  • Foundation: Slab
  • Roof: Membrane
  • Construction materials: Frame,Stucco/Drivit,Press Board

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium,Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Oven/Range,Dishwasher
  • Laundry features: Main Level

Bedroom2

  • Level: Upper
  • Area: 83.812

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1

Features

  • Solid Surface Counters,Cable TV,High Speed Internet
  • Flooring: Luxury Vinyl Plank
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 904

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 904
  • Total interior livable area: 904 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bathroom

  • Features: Shared

Master Bedroom

  • Level: Upper
  • Area: 123.896

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 285116200503
  • Attached to another structure: Yes
  • Zoning description: Residential

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Stairway (Indoor),Other
  • Has view: Yes
  • View description: Bay,Bay View
  • Has water view: Yes
  • Water view: Bay
  • Waterfront features: Near Pub.Access w/in 500'

Lot

  • Features: Level

Parking

  • Total spaces: 1
  • Parking features: Attached,Drive Under/Built-In,Asphalt
  • Has garage: Yes
  • Attached garage spaces: 1