About 123 S Union Street
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.
Features of 123 S Union Street
| MLS® # | 1936538 |
|---|---|
| Price | $2,950,000 |
| Square Footage | 20,000 |
| Acres | 0.12 |
| Year Built | 1900 |
| Type | Commercial |
| Sub-Type | Retail/Commercial |
| Status | Active |
| Association | NA |
Community Information
| Address | 123 S Union Street |
|---|---|
| Subdivision | NA |
| City | Traverse City |
| County | Grand Traverse |
| State | MI |
| Zip Code | 49684 |
Amenities
| Utilities | Municipal Water |
|---|---|
| Features | None, Elevator |
| Parking | Off Site, Street Parking |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Natural Gas,Forced Air |
|---|---|
| Has Basement | Yes |
| Basement | Full |
| Fireplace | No |
Exterior
| Exterior Features | Brick |
|---|---|
| Lot Description | 47' x 114' |
| Roof | Membrane |
| Construction | Brick, Block |
Additional Information
| Date Listed | July 17th, 2025 |
|---|---|
| Days on Market | 11 |
| Zoning | Residential, Multi-Family, Office, Retail, Commercial, Restaurant/Food, Motel/Hotel |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 250 |
|---|