138 W Gillis Street # 19, Traverse City

$520,000

202 N. First St.
Leland, MI    49654

(415 ) 254-1622
info@manitou-life.com

Listing is courtesy of Blue Lakes Real Estate Group TC LLC
231-683-2125

• Bedrooms: 2
• Bathrooms: 2
• Style: Contemporary
• Condo: Yes
• Square Feet: 904
• Acres:
• School District: Traverse City Area Public Schools
• Year Built: 2021
• Township: Traverse City
• County: Grand Traverse
• Basement: Slab
• Garage: Asphalt, Attached, Drive Under/Built-In
• Interior: Solid Surface Counters, Cable TV, High Speed Internet
• Exterior: Bay View, Bay
• Appliances: Refrigerator, Oven/Range, Dishwasher
• Out Buildings: None
• Heating/Cooling Source: Forced Air
• Heating/Cooling Type: Central Air, Electric

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.