123 S Union Street # Lot: 4-5 Traverse City, MI $ 2,950,000
123 S Union Street # Lot: 4-5
$ 2,950,000
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123 S Union Street # Lot: 4-5

Traverse City, MI, 49684
$ 2,950,000
Bedrooms-- Baths-- Sq 20,000

Monthly Estimate*

$ 18,404

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Commercial Property for sale in Traverse City, MI

for $2,950,000. This 20,000 square foot building was built in 1900 on a lot size of 0.12.

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.

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Commercial Active

Price

$ 2,950,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial/Industrial

Lot Size

0.12

Year Built

1900

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80059839

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Year Built 1900
Parking Off Site
Subdivision NA
County Grand Traverse
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name Wilson's Antiques
Ownership Private
Municipality Traverse City
Section 3
Zoning Multi-Family Professional Office Commercial Residential
Sale/Rent For Sale
Status Detail 0
Commercial Features ADA Accessible Elevator(s)
Area Traverse City (28021)
Directions Located downtown Traverse City between Front St & State St on the east side of Union St.
City Traverse City
Financial Terms Cash Commercial Loan Exchange/Trade
Legal Description partial from tax record: LOTS 4-5 HANNAH LAY & CO'S 4TH SUB EXC PARTY WALL RIGHTS
DOM 146
Price Per Sq Ft Total AG 147.5
Public Remarks Incredible opportunity to continue the historic Wilson's Antiques business
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Exterior
Exterior Block Brick
Lot Size Area 0.12
Lot Dimensions 47' x 114'
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Daniel Stiebel

Listing Agent

Coldwell Banker Schmidt Traver

Broker

dan@realestatetc.com

Email

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$18,404
Per Month
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Monthly Principal & Interest
$18,404
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/18/2025$2,950,000 Listed Price

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123 S Union Street # Lot: 4-5, Traverse City, MI, 49684 is a Commercial Property for sale at $2,950,000 with 20,000 sqft and a lot size of 0.12. 123 S Union Street # Lot: 4-5 was built in 1900. The property's zip code is 49684 which is in Traverse City, MI