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$520,000
New Listing

138 W Gillis Street
Traverse City City, MI 49684

For Sale|Condominium|Active Under Contract
2
Beds
2
Total Baths
2
Full Baths
904
SqFt
$575
/SqFt
2021
Built
Subdivision:
GILLIS STREET DEVELOPMENT
County:
GrandTraverse
Call Now: 586-242-5838
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586-242-5838
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Monthly Payment (Est.)

$2,372
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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.

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Listing Snapshot
Price 
$520,000
Days On Site 
0 Days
Bedrooms 
2
Inside Area (SqFt) 
904 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2021
MLS® Number 
78080069812
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
$500 monthly
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 hours agoListing first seen on site
7 hours agoListing updated with changes from the MLS®
General Features
Attached Garage 
Yes
Foundation 
Slab
Garage 
Yes
Garage Spaces 
1
Levels 
Two
Parking 
AttachedGarage
Pets 
Yes
Property Sub Type 
Condominium
Sewer 
Shared Septic
Special Circumstances 
Standard
SqFt Above 
904
Style 
Contemporary
Water Source 
Public
Zoning 
Residential
Interior Features
Appliances 
DishwasherOvenRefrigeratorRange
Cooling 
Central Air
Heating 
ElectricForced Air
BathFull 
Bedroom 1 
Dimensions - 9.0 x 14.0Level - Main
Bedroom 2 
Dimensions - 9.0 x 9.0Level - Upper
Kitchen 
Dimensions - 14.0Level - Main
Laundry 
Level - Main
Living Room 
Dimensions - 19.0Level - Main
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Exterior Features
Construction Details 
Stucco
Community Features
Association Amenities 
Maintenance Grounds
Association Dues 
500
Financing Terms Available 
CashConventional1031 ExchangeTrade
HOA Fee Frequency 
Monthly
MLS Area 
Area28042TraverseCity
School District 
TraverseCity
Schools
School District
TraverseCity
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Blue Lakes Real Estate Group TC LLC: (231) 383-2414



IDX provided courtesy of Realcomp II Ltd. via AspireNorthREALTORS. Copyright © 2026 Realcomp II Ltd. Shareholders.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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