Secure one of downtown Traverse City's truly irreplaceable commercial assets. This iconic approximately 20,000-square-foot building occupies a premier location between Front Street and State Street. Spanning four full stories with three mezzanine levels, it offers an architectural character rarely found in today's market. Whether your vision includes flagship retail, luxury… Read More residences, boutique hospitality, mixed-use redevelopment, or a long-term investment, the property offers exceptional flexibility to create a landmark asset in one of Northern Michigan's most desirable downtown districts. Wilson's Antiques currently occupies the building, providing immediate in-place income while preserving the flexibility to execute your long-term business plan on your own timeline. Positioned just steps from planned parking improvements and surrounded by continued investment throughout downtown Traverse City, the property is exceptionally well positioned to benefit from the city's continued growth and evolution. Fully sprinklered and served by an elevator, the building also features hardwood floors and an original tin ceiling, offering a distinctive foundation for restoration, adaptive reuse, or redevelopment. Landmark buildings cannot be replicated. With its irreplaceable location, substantial scale, historic character, and exceptional redevelopment potential, 123 S. Union Street represents a rare opportunity to establish a lasting presence in one of Michigan's premier downtown markets. Read Less
Courtesy of Coldwell Banker Schmidt Traverse City.
Listing Snapshot
Days Online
113
Last Updated
Property Type
Commercial/Industrial
Square Ft.
20,000
Lot Size
0.12 Acres
Year Built
1900
MLS Number
80070466
30 Days Snapshot Of 49684
$487k
-16%
(avg) sold price
11
-8%
homes sold
32
-54%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
ADA Accessible, Elevator(s)
Building
20,000 square feet, Built in 1900
Exterior Features
Block, Brick
Foundation
Basement
Water Features
Public Water
Heating
Forced Air, Natural Gas
Lot
0.12 acres, Lot size: 47'x114'
Parking
Off Site
Property
Business name: Wilson's Antiques, Retail, Multi-Family, Professional Office, Commercial, Residential
Sewer
Public Sanitary
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Confirm your time
Fill in your details and we will contact you to confirm a time.