Homes for sale - 123 S Union Street, Traverse City, MI 49684

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Stacy Allman

stacy@mipropertiesnorth.com +1(231) 944-5296

Listed by Daniel J Stiebel • Coldwell Banker Schmidt Traver

$ 2,950,000

Est. payment | -/mo

20,000 SqFt

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$ 2,950,000

Est. payment | -/mo

Save

20,000 SqFt

Key Details

Property Type Commercial

Sub Type Retail/Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $147

Subdivision Mi

MLS Listing ID 1936538

Year Built 1900

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 47' x 114'

Property Sub-Type Retail/Commercial

Property Description

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.

Location

State MI

County Grand Traverse

Zoning Residential,Multi-Family,Office,Retail,Commercial,Restaurant/Food,Motel/Hotel

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Forced Air

Exterior

Exterior Feature Brick

Roof Type Membrane

Present Use Retail Store

Road Frontage Public Maintained, Blacktop

Building

Sewer Municipal

Water Municipal Water

Others

Tax ID 28-51-702-004-00

Ownership Private Owner

Acceptable Financing Commercial Loan, Cash, 1031 Exchange

Listing Terms Commercial Loan, Cash, 1031 Exchange

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Stacy Allman

Broker/Owner | Lic# 6502433438

stacy@mipropertiesnorth.com

+1(231) 944-5296

108 E Main St Kinglsey MI 49649

123 S Union Street Traverse City, MI 49684

Stacy Allman

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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123 S Union Street