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Downtown Mixed-Use Building For Sale

517 E Eighth St, Traverse City, MI 49686

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For Sale

$390,000

Mixed-use building in growing downtown neighborhood, suitable for various purposes.

Type:Commercial

Property size:

1,120 SF

Price / SF:

$348/SF

HighLights

Prime downtown location on Eighth Street.
Deep parking lot offers parking or expansion potential.
Flexible zoning (D‑2) allows for retail, office, residential, or development.
Existing kitchen and bathrooms support residential or mixed‑use conversion.
New water & sewer line installed within the last 5 years.
Basement with washer & dryer hook‑up.

We can help!

Listing Contact

Daniel J Stiebel

Learn more

For Sale

$390,000

Mixed-use building in growing downtown neighborhood, suitable for various purposes.

Type:Commercial

Property size:

1,120 SF

Price / SF:

$348/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 7:55 pm

Property Features for 517 E Eighth St

General Information

Standard status: Active
Size: 1,120 SF
Property subtype: Commercial

Building Details

Year Built: 1886

We can help!

Listing Contact

Daniel J Stiebel

Listing agent Daniel J Stiebel License #6502352362

Listing office Coldwell Banker Schmidt Family Of Companies

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Family Of Companies

HighLights

Prime downtown location on Eighth Street.
Deep parking lot offers parking or expansion potential.
Flexible zoning (D‑2) allows for retail, office, residential, or development.
Existing kitchen and bathrooms support residential or mixed‑use conversion.
New water & sewer line installed within the last 5 years.
Basement with washer & dryer hook‑up.

Overview

Located in a growing downtown neighborhood, this property on Eighth Street is suitable for retail, office, residential, or development purposes. The property includes a deep parking lot that provides parking space and allows for building expansion or the construction of a second building. The main floor, which encompasses 820 square feet, was previously occupied by Edward Freund Jewelry. The building also features a full kitchen, a full bath, a half bath, and two additional rooms upstairs, providing another 300 square feet of space, making it suitable for residential or mixed-use purposes. The property includes a basement with washer and dryer hook-up. A new water and sewer line was installed to the building within the last 5 years. The property is zoned D-2. The bike score is 71, indicating it is very bikeable, and the walk score is 60, indicating it is somewhat walkable.

Location Intelligence

Current Use by Public Records

Edward Freund Jewelry (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Traverse City
County: Grand Traverse
State: Michigan
Longitude: -85.6126585
Latitude: 44.7596197

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For sale
Retail space
MI
Traverse City
49686
517 E Eighth St

What type of property is this?

Retail space - Mixed-use building in growing downtown neighborhood, suitable for various purposes.

Where is this retail space located?

The property is located at 517 E Eighth St Traverse City, MI.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: Prime downtown location on Eighth Street.; Deep parking lot offers parking or expansion potential.; Flexible zoning (D‑2) allows for retail, office, residential, or development.