About 123 S Union Street
Incredible opportunity to continue Wilson's Antiques with two locations in the heart of downtown Traverse City on Union Street and in Acme on US-31. Each building rents booth space to independent antique dealers providing stable cash flow to the owner. The value of the properties is in the underlying real estate, but this is an opportunity to buy redevelopment property and have positive cash flow while future plans are made. 123 Union Street has 4 floors and 3 mezzanines totaling 20,000 SF. 5600 US-31 is 15,889 SF with over 10,000 SF on the first floor and a second level with incredible bay views. Buildings can also be purchased separately.
Features of 123 S Union Street
| MLS® # | 1936620 |
|---|---|
| Price | $4,550,000 |
| Square Footage | 35,889 |
| Acres | 1.22 |
| Year Built | 1900 |
| Type | Commercial |
| Sub-Type | Income |
| 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, Private Well |
|---|---|
| Features | Overhead Door(s), Loading Dock(s), Elevator |
| Parking | Off Site, Paved, Parking Lot, Street Parking |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Natural Gas,Forced Air |
|---|---|
| Has Basement | Yes |
| Basement | Full, Slab |
| Fireplace | No |
Exterior
| Exterior Features | Brick |
|---|---|
| Lot Description | combined |
| Roof | Asphalt, Membrane |
| Construction | Brick, Block |
Additional Information
| Date Listed | July 21st, 2025 |
|---|---|
| Days on Market | 3 |
| Zoning | Residential, Multi-Family, Office, Retail, Commercial, Restaurant/Food, Motel/Hotel |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 250 |
|---|