138 W Gillis St, Traverse City city, Michigan

$520,000

Previous Next

2

Beds

2

Baths

904

Square feet

About 138 W Gillis St

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.

Features of 138 W Gillis St

MLS® # 78080067576
Price $520,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 904
Acres 0.00
Year Built 2021
Type Condominium
Sub-Type Contemporary
Style Contemporary
Status Active Under Contract

Community Information

Address 138 W Gillis St
Area 28042 - Traverse City
Subdivision GILLIS STREET DEVELOPMENT
City Traverse City city
County Grand Traverse
State Michigan
Zip Code 49684

Amenities

Parking 1 Car Garage, Attached, Garage
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Oven, Refrigerator, Range
Heating Electric, Forced Air
Cooling Central Air
Fireplace No

Exterior

Construction Stucco
Foundation Slab

School Information

District Traverse City

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBlue Lakes Real Estate Group TC LLC
Contact Infomeagan@bluelakesrealtors.com

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?