Skip To Content

123 S Union Street

Traverse City, MI 49684
  • $4,550,000
  • STATUS: Active
  • ON SITE: 176 Days
  • MLS #: 1936620
UPDATED: 55 min ago
$4,550,000
  • 0
    BEDS
  • 1.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 35,889
    SQFT
  • $127
    $/SQFT
Neighborhood:
Na
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

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.

Monthly Payment Calculator



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: 2026-01-14T20:51:45.243.
www.housestraversecity.com/homes/166125925
Print Image

123 S Union Street Traverse City, MI 49684

  • Price: $4,550,000
  • Status: Active
  • On Site: 176 Days
  • Updated: 55 min ago
  • MLS #: 1936620
0
Beds
0
Baths
0
½ Baths
1.22
Acres
35,889
SQFT
$127
$/SQFT
1900
Built
Neighborhood:
Na
County:
Grand Traverse
Area:
Grand Traverse
Property Description
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.
Exterior Features

Construction Materials BrickBlock Door Features Overhead Door(s) Foundation Details Slab Garage YN No Roof AsphaltMembrane

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 Loading Dock(s)Elevator 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 SitePavedParking LotStreet Parking Ownership Type Private Owner Parking Features Off SitePavedParking LotOn Street Possession Close Of EscrowClose Plus 30 DaysNegotiable Property Sub Type Income 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 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 POBN 89 DEG 25' W 451.13' TO E R/W US-31NE'LY 120' ALG RD R/W & ARC OF 1074.8' RAD CURV TO LTLG Water Source PublicPrivate 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: 2026-01-14T20:51:45.243.
 
https://bt-photos.global.ssl.fastly.net/nglrmls/1280_boomver_1_1936620-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/1280_boomver_1_1936620-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/1280_boomver_1_1936620-2.jpg
Logo
Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684