123 S Union Street, Traverse City, MI

$2,950,000

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20,000

Square feet

0.12

Acres

About 123 S Union Street

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.

Features of 123 S Union Street

MLS® # 1947396
Price $2,950,000
Square Footage 20,000
Acres 0.12
Year Built 1900
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 123 S Union Street
Subdivision N/A
City Traverse City
County Grand Traverse
State MI
Zip Code 49684

Amenities

Parking Off Site, On Street
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Has Basement Yes
Basement Full
Fireplace No

Exterior

Lot Description Interior Lot, Freestanding
Roof Membrane
Construction Brick, Block

Additional Information

Days on Market 64
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Annually

Listing Details

OfficeColdwell Banker Schmidt Traverse City

Listing Map

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