123 S Union Street Traverse City, MI $ 2,950,000
123 S Union Street
$ 2,950,000
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123 S Union Street

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

Monthly Estimate*

$ 18,627

123 S Union Street, Traverse City, MI 49684 - Image 1
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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.

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.

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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

80070466

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Year Built 1900
Parking Off Site
Subdivision N/A MI
County Grand Traverse
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name Wilson's Antiques
Ownership Private
Municipality Traverse City
Section 3
Zoning Commercial Multi-Family Professional Office Residential
Sale/Rent For Sale
Status Detail 0
Commercial Features ADA Accessible Elevator(s)
Area Traverse City (28021)
Primary City Traverse City
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 1
Postal Code 49684
Price Per Sq Ft Total AG 147.5
Public Remarks Secure one of downtown Traverse City's truly irreplaceable commercial assets. This iconic approximately 20
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Exterior
Exterior Block Brick
Lot Size Area 0.12
Lot Dimensions 47'x114'
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Alex MacKenzie

Listing Agent

Coldwell Banker Schmidt Traverse City

Broker

alex.mackenzie@cbsrcommercial.com

Email

Affordability Calculator

$18,627
Per Month
100%
0%
0%
Monthly Principal & Interest
$18,627
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/1/2026$2,950,000 Listed Price

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123 S Union Street, 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 was built in 1900. The property's zip code is 49684 which is in Traverse City, MI