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    709 Wadsworth St Traverse City, MI 49684

    For Sale
    $565,000

    Service - Traverse City, MI

    Property size:
    1,580 SF
    Lot size:
    0.06 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 11 at 11:06 pm

    Property Features for 709 Wadsworth St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential,Other
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Bathrooms
    2
    Basement Y/N
    1
    Size
    1,580 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Roof type
    Asphalt
    Architectural style
    Other

    Real Estate One, Inc. (231) 946-4040 [email protected]

    Listing agent Marc Foerster (231) 947-9800

    Listing date Oct 24, 2025

    MLS# 1939865 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Traverse City Live-Work Property

    Located in the heart of Traverse City, this historic live-work property presents a rare opportunity. The well-maintained building has housed a six-chair salon since 1989, alongside a one-bedroom, one-bath apartment suitable for supplemental income, owner occupancy, or creative repurposing. Extensive improvements include a newer roof, updated siding, HVAC system, hot-water heater, flooring, and an upgraded electrical breaker box. The apartment is currently occupied by a long-term tenant. The 1580 square foot property is positioned within walking distance of downtown shops, restaurants, and the waterfront. Situated on a 0.06-acre lot, current zoning allows continued use as a similar business, duplex, or single-family residence; other uses are subject to zoning review. The property is ideal for entrepreneurs, investors, or creatives seeking to live, work, and thrive in Traverse City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Realty agency Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.628102
    Latitude
    44.756483

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    FAQs

    What type of property is this?
    Live-work space - Unique live-work property in the heart of Traverse City.
    Where is this live-work space located?
    The property is located at 709 Wadsworth St Traverse City, MI.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: - Prime Location: Walking distance to downtown Traverse City shops, restaurants, and waterfront.; - Income Potential: Includes a charming attached one-bedroom apartment with a long-term tenant and excellent rental history.; - Historic Live-Work Property: Unique opportunity to own a historic building suitable for living and working.
    (231) 947-9800
    Request Owner's contact information
    709 Wadsworth St Traverse City, MI 49684
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    Traverse City, MI 49684
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    709 Wadsworth St Traverse City, MI 49684
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