beds

bath

half bath

1,131

square ft

321 Fair Street

Traverse City, Michigan 49686

Closed / MLS #78080063689 / Single Family / Traverse City

Listing information updated 11/26/2025 at 9:45am

Located in the heart of Traverse City, this 2-bedroom, 1.5-bath this home sits on a rare and highly sought-after city lot offering exceptional potential for future expansion or redevelopment. The propertys deep lot allows room for a garage addition or possibly an auxiliary dwelling unit (ADU) a unique opportunity for those looking to invest, create additional living space, or generate rental income right in town. The existing home provides comfortable living with an efficient layout and great natural light, making it ideal for full-time residents, first-time buyers, or investors looking to enhance value. The real appeal, however, lies in the versatility of the lot and location-close to downtown shopping, dining, beaches, and all that Traverse City living has to offer.

Full Features

Exterior Type:

Vinyl Siding

Basement:

Block

Beds Above Grade:

Cooling System:

Ceiling Fans

Heating System:

Forced Air, Natural Gas

Main Level Primary Bedroom:

Yes

Pool:

Age:

76 Years

Room Count:

Water Front:

Square Feet:

1,131

Lot Size:

0.18 Acres

Acreage:

0.18

Internal Features:

Entrance Foyer

Room Information

Living Room:

12 x 19 - Main

Dining Room:

11 x 13 - Main

Kitchen:

12 x 13 - Main

Primary Bedroom:

11 x 12 - Main

2nd Bedroom:

12 x 14 - Upper

Laundry:

Main

Taxes & Assessments

Tax Amount:

$1,863

Tax Year:

N/A

Location

Zip Code:

49686

City:

Traverse City

County:

Grand Traverse

Schools

School District(s):

Traverse City

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Exterior Type:

Vinyl Siding

Basement:

Block

Beds Above Grade:

Cooling System:

Ceiling Fans

Heating System:

Forced Air, Natural Gas

Main Level Primary Bedroom:

Yes

Pool:

Age:

76 Years

Room Count:

Water Front:

Square Feet:

1,131

Lot Size:

0.18 Acres

Acreage:

0.18

Internal Features:

Entrance Foyer

Living Room:

12 x 19 - Main

Dining Room:

11 x 13 - Main

Kitchen:

12 x 13 - Main

Primary Bedroom:

11 x 12 - Main

2nd Bedroom:

12 x 14 - Upper

Laundry:

Main

Tax Amount:

$1,863

Tax Year:

N/A

Zip Code:

49686

City:

Traverse City

County:

Grand Traverse

School District(s):

Traverse City

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Key Realty One-TC

Listing Office Phone: 517.827.2120

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