# 138 W Gillis Street, Traverse City, MI 49684

> **TL;DR:** 2bd/2ba condo, $550,000 ($608/sqft), built 2021, 904 sqft.
> Waterfront, Basement. Est. $2,383/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $550,000 |
| Price/sqft | $608 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 904 |
| Year Built | 2021 |
| Stories | 2 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 32 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,383 |
| **Total** | **$2,383** |

## Key Amenities

- Waterfront
- Basement

## Property Highlights

- Built in 2021
- 2 stories
- Waterfront

## Description

### Agent Description
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 today’s renters are willing to pay for. For investors, this is more than a downtown condo, it’s a strategic asset in one of Northern Michigan’s 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.

## Location

- **Address:** 138 W Gillis Street, Traverse City, MI 49684
- **County:** Grand Traverse
- **Coordinates:** 44.765171, -85.629679
- **Google Maps:** https://www.google.com/maps?q=44.765171,-85.629679

## Listing Agent

- **Name:** Meagan Alexander
- **Brokerage:** Blue Lakes Real Estate Group TC LLC
- **Phone:** 2313832414
- **Email:** meagan@bluelakesrealtors.com

## Primary Photo

![138 W Gillis Street - Primary Photo](http://lh.rdcpix.com/d47053f8e8cfd338a4b5406626ea40a6l-f2210852260r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/138-w-gillis-street-traverse-city-mi-49684-1944454)*

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**MLS#:** 1944454 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 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.*

[View on PropertySimple](https://www.propertysimple.com/listing/138-w-gillis-street-traverse-city-mi-49684-1944454)

---

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