709 Wadsworth St
Amazing work/live or investment opportunity in the heart of a downtown Traverse City!
Marketing description
709 Wadsworth Street | Traverse City, MI
Some properties simply have a story — and 709 Wadsworth has been writing one since 1950.
This historic live-work gem sits squarely in the heart of Traverse City, steps from the waterfront, world-class dining, and the energy of one of Northern Michigan's most vibrant downtowns.
The building has served as a thriving six-chair salon for over three decades, earning a loyal clientele and a reputation that speaks for itself. Attached is a charming one-bedroom, one-bath apartment with a long-term tenant, providing immediate supplemental income or a turn-key owner's retreat.
Meticulously maintained and thoughtfully updated, the property features a newer roof, refreshed siding, updated HVAC, hot water heater, flooring, and upgraded electrical panel, the kind of capital improvements that signal true pride of ownership.
Flexible zoning opens the door to continued commercial use, duplex conversion, or single-family residence, giving the next owner multiple paths forward. Whether you're an entrepreneur ready to plant your flag, an investor seeking a stabilized asset in a high-demand market, or a creative looking for a space that inspires,
709 Wadsworth delivers the rare combination of character, cash flow, and location that simply doesn't come along often.
Tenant's rights apply. Additional uses subject to zoning review.
Investment highlights
INVESTMENT HIGHLIGHTS 709 Wadsworth Street | Traverse City, MI 49684 Asking Price: $565,000 | 1,580 SF | Mixed-Use / Commercial
- Established income-producing asset — the building has continuously housed a six-chair salon since 1989, representing over 35 years of operational history and a loyal, built-in client base
- Dual-income structure — commercial salon space plus an attached one-bedroom, one-bath apartment with a long-term tenant and excellent rental history, providing immediate cash flow diversification
- Flexible zoning — current zoning permits continued commercial use (matching client/traffic profile), duplex conversion, or single-family residence, offering multiple exit strategies for investors
- Pride-of-ownership condition — extensive capital improvements completed, including a newer roof, updated siding, HVAC system, hot-water heater, flooring, and upgraded electrical breaker box
- Unbeatable downtown Traverse City location — within walking distance of shops, restaurants, and the Grand Traverse Bay waterfront, in one of Northern Michigan's most sought-after and high-traffic corridors
- Low-maintenance footprint — 0.06-acre freestanding lot with public sewer, public water, central air, and forced-air natural gas heat
- Ideal buyer profile — owner-operator seeking a live-work lifestyle, investor targeting a stabilized mixed-use asset, or entrepreneur/creative looking to reposition in a high-demand market
The Foerster Group | Powered by Real Estate One Erica Foerster 210.286.8954 · Marc Foerster 231.600.3410 · tfgrealtor.com
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