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Listed price in listed location currency (USD).
$550,000

221

MLS® 78080067576

  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential
Size 904 sqft
Garage Yes
HOA Fees $500
Taxes 
Days Active 3
Approx. Age 2021
Avg. Price Per Sqft $608
MLS® Number 78080067576

Property Address: 138 Gillis St, Traverse City, MI, 49684-2726

Average square foot calculated using Size range provided by listing agent.

Description

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 todays renters are willing to pay for. For investors, this is more than a downtown condo, its a strategic asset in one of Northern Michigans 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.
MLS® Number78080067576
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age2021
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 30, 2026List Date
$550,000List Price
Dec 16, 2025End Date
$530,000Sold Price

Sold

May 9, 2025List Date
$565,000List Price
  • Commute

Commute

Starting Address
Destination Address
138 Gillis St, Traverse City, MI

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