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123 S Union Street

Traverse City, MI 49684
  • $2,950,000
  • STATUS: Active
  • ON SITE: 179 Days
  • MLS #: 1936538
UPDATED: 63 min ago
$2,950,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,000
    SQFT
  • $148
    $/SQFT
Neighborhood:
Na
Type:
Commercial
Built:
1900
County:

School Ratings & Info

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.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-01-14T16:51:47.313.
www.housestraversecity.com/homes/166064053
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123 S Union Street Traverse City, MI 49684

  • Price: $2,950,000
  • Status: Active
  • On Site: 179 Days
  • Updated: 63 min ago
  • MLS #: 1936538
0
Beds
0
Baths
0
½ Baths
0.12
Acres
20,000
SQFT
$148
$/SQFT
1900
Built
Neighborhood:
Na
County:
Grand Traverse
Area:
Grand Traverse
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.
Exterior Features

Construction Materials BrickBlock Garage YN No Roof Membrane

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features Accessible EntranceAccessible Elevator Installed Basement Full Below Grade Finished Area Units Square Feet Heating Forced AirNatural Gas Heating YN Yes

Property Features

Association Fee Frequency Annually Building Features NoneElevator Business Incl Yes Business Type Retail Deeded Waterfront No ECOFeatures No Inventory Incl No Lease Amount Frequency Annually Lease Considered YN No Lease Renewal Option YN No Listing Terms Commercial LoanCash1031 Exchange Lot Features Interior LotFreestanding New Construction YN No Occupied Yes Open Parking YN Yes Other Parking Off SiteStreet Parking Ownership Type Private Owner Parking Features Off SiteOn Street Possession Close Of EscrowNegotiable Property Sub Type Retail Real Estate Incl Yes Rent Includes Other Road Responsibility Public Maintained Road Road Surface Type Asphalt Sewer Public Sewer Special Licenses None Tax Legal Description partial from tax record: LOTS 4-5 HANNAH LAY & CO'S 4TH SUB EXC PARTY WALL RIGHTS Tax Lot 4-5 Water Source Public Waterfront YN No Zoning Description ResidentialMulti-FamilyOfficeRetailCommercialRestaurant/FoodMotel/Hotel

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt Traver: 231-922-2350.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-01-14T16:51:47.313.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684