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123 S Union Street # 5600 US-31 N, Williamsburg, MI 49690 Traverse City, MI $ 4,550,000
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$ 4,550,000 Get more info
123 S Union Street # 5600 US-31 N, Williamsburg, MI 49690
$ 4,550,000
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123 S Union Street # 5600 US-31 N, Williamsburg, MI 49690

Traverse City, MI, 49684
$ 4,550,000
Bedrooms-- Baths-- Sq 35,889

Monthly Estimate*

$ 28,386

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Commercial Property for sale in Traverse City, MI

for $4,550,000. This 35,889 square foot building was built in 1900 on a lot size of 1.22.

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.

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Commercial Active

Price

$ 4,550,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

1.22

Year Built

1900

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80059921
Features
General
Heating Forced Air
Possession Close Plus 31-60 Days
Roof Asphalt
Water Private Well Public Water
Status Active Active
Year Built 1900
Parking Off Site Parking Lot
Subdivision NA
County Grand Traverse
Class COM/IND/BUS OPP
Type Business
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) Loading Dock(s) Overhead Doors
Area Traverse City (28021)
Directions 123 S Union: Located downtown Traverse City between Front St & State St on the east side of Union St. 5600 US-31 N: Right off of US-31 N in Acme
City Traverse City
Financial Terms Cash Commercial Loan Exchange/Trade
Legal Description partial from tax records: LOTS 4-5 HANNAH LAY & CO'S 4TH SUB EXC PARTY WALL RIGHTS & PT GOV LT 2 SEC 3 T27N R10W COM SW CNR LT 17 OF CREST HAVEN HILLS AS POB N 89 DEG 25' W 451.13' TO E R/W US-31
DOM 142
Price Per Sq Ft Total AG 126.78
Public Remarks
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Exterior
Exterior Block Brick
Lot Size Area 1.22
Lot Dimensions combined
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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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$28,386
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Monthly Principal & Interest
$28,386
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Monthly Home Insurance
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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
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/21/2025$4,550,000 Listed Price

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123 S Union Street # 5600 US-31 N, Williamsburg, MI 49690, Traverse City, MI, 49684 is a Commercial Property for sale at $4,550,000 with 35,889 sqft and a lot size of 1.22. 123 S Union Street # 5600 US-31 N, Williamsburg, MI 49690 was built in 1900. The property's zip code is 49684 which is in Traverse City, MI

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