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$2,950,000
20 Days On Site

123 S Union Street
Traverse City City, MI 49684

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
20,000
SqFt
$148
/SqFt
1900
Built
County:
GrandTraverse
123 S Union Street123 S Union Street123 S Union Street123 S Union Street
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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 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.

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Listing Snapshot
Price 
$2,950,000
Days On Site 
20 Days
Bedrooms 
N/A
Inside Area (SqFt) 
20,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.12 Acres
Year Built 
1900
MLS® Number 
78080070466
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.12
Building Features 
DisabledAccessElevators
Parking 
Off Site
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
20000
Utilities 
Natural Gas Connected
Water Source 
Public
Zoning 
Commercial, MultiFamily, Office, Residential
Interior Features
Heating 
Forced AirNatural Gas
Interior 
Elevator
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Exterior Features
Construction Details 
BlockBrick
Community Features
Financing Terms Available 
Cash1031 ExchangeTrade
MLS Area 
Area28042TraverseCity
School District 
TraverseCity
Schools
School District
TraverseCity
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Coldwell Banker Schmidt Traverse City: (231) 499-0529



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Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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