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$ 2,950,000
Est. payment /mo
Active
123 S Union ST Traverse City, MI 49684
20,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $147
Subdivision Na
MLS Listing ID 78080059839
Year Built 1900
Property Description
Incredible opportunity to continue the historic Wilson's Antiques business, or redevelop the building for a new use. Fantastic location in the heart of downtown between Front Street and the new Rotary Square on State Street. The building has 4 floors and 3 mezzanines, hardwood floors on the upper floors, high ceiling and original tin ceiling on the second floor. It has fire sprinklers throughout making a mixed use redevelopment a strong possibility. This would be a great location for a boutique hotel, or retail on the first floor with residential condominiums above. The business can be included for immediate cash flow and the antique store buyer. Current zoning allows for short term rentals or long term rentals. Elevator services main levels, but not mezzanines. Asking price supported by recent bank appraisal which was done for refinancing and is on the low side.
Location
State MI
County Grandtraverse
Area Area28042Traversecity
Interior
Heating ForcedAir, NaturalGas
Exterior
Parking Features OffSite
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation Basement
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Traversecity
Others
Acceptable Financing Cash, Other, Trade1031Exchange
Listing Terms Cash, Other, Trade1031Exchange
Special Listing Condition Standard
©2025 Realcomp II Ltd. Shareholders
Listed by Daniel J Stiebel of Coldwell Banker Schmidt Traver
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