15161 North Street, Thompsonville, MI 49683
Offered For Sale by Owner – Fully Renovated Home with Garage & Investment Potential.
Welcome to this charming 2-bedroom, 1.5-bathroom home situated on nearly a third of an acre at the edge of the Village of Thompsonville. With a full renovation completed in 2022 and a brand-new high-efficiency furnace installed in 2024, this property offers comfort, functionality, and strong investment value — whether you're looking for a personal residence, long-term rental, or vacation getaway near Crystal Mountain and Traverse City.
Home Features:
2 bedrooms | 1.5 bathrooms | laundry room
- Approx. 850 sq ft of living space (plus a spacious sunroom)
- Full renovation included: new roof shingles (rear section), new flooring, updated
bathrooms, fresh plumbing, partial electrical, new doors, and fixtures
- Natural oak trim throughout adds warmth and character
- The half bath doubles as a laundry room, maximizing space and function
- Large unfinished attic with potential for a 3rd bedroom
(multiple possible staircase locations)
Bonus Spaces:
- Bright and airy sunroom adds additional seasonal living space
- Small Michigan basement for storage
Detached Garage:
- 24x30 heated garage/workshop with radiant heating system
- 240-volt electrical, air compressor piping, and a water line (run from house, not yet
connected)
- Confirmed with zoning administrator: garage can be converted to an ADU
(Accessory Dwelling Unit) for rental income
Lot & Location:
- 3 generous lots, totaling just under one third of an acre
- Plenty of outdoor space for gardening, entertaining, or expansion
- 5 minutes to Crystal Mountain (skiing, golf, resort)
- 15 minutes to Beulah Beach
- 30 minutes to Traverse City
- Under an hour to countless Northern Michigan destinations
Investment Ready:
- Currently leased through the end of September to a reliable, long-term tenant
- Lease renewal is optional for the new owner — immediate income potential
(Tenant has been in place for 3 years and would love to stay, if possible)
- Property is held by an LLC and can be sold with the LLC entity to avoid taxable
value uncapping — preserving affordability and lowering long-term tax exposure
- Ideal for workforce housing, vacation rental, or long-term investment
This adorable, move-in-ready bungalow was thoughtfully rebuilt with quality materials and an eye toward flexibility. Whether you're seeking a quiet Up North escape, a smart investment, or a property with instant passive income potential, 15161 North Street is ready to deliver.
Schedule your private showing — homes with this much potential, in this location, don’t last long!
For sale by owner
$198,000
15161 North St, Thompsonville, MI 49683
2beds
850sqft
Est.:
SingleFamily
Built in 1948
0.29 Acres Lot
$-- Zestimate®
$233/sqft
$-- HOA
Overview
- 22 days
- on Zillow |
- 1,559 |
- 92 |
Listed by:
(231) 600-3025
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Forced air, Propane / Butane
Appliances
- Included: Range / Oven, Refrigerator, Washer
Features
- Flooring: Other, Carpet, Concrete, Laminate
- Basement: Unfinished
Interior area
- Total interior livable area: 850 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Vinyl, Metal
- Has view: Yes
- View description: Park, Territorial
Lot
- Size: 0.29 Acres
Details
- Parcel number: 0450103000
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1948
Community & HOA
Location
- Region: Thompsonville
Financial & listing details
- Price per square foot: $233/sqft
- Tax assessed value: $79,000
- Annual tax amount: $1,154
- Date on market: 8/3/2025
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