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423 S Union Street

Traverse City, MI 49684
  • $2,700,000
  • STATUS: Active
  • ON SITE: 137 Days
  • MLS #: 1939884
UPDATED: 30 min ago
$2,700,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,120
    SQFT
  • $379
    $/SQFT
Neighborhood:
Na
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Traverse City’s most iconic Old Town neighborhood restaurant—formerly home to Blue Tractor restaurant and once the historic Dill’s Old Towne Saloon, this exceptional restaurant and bar space offers a rare combination of history, character, location and capacity. With seating for over 200 guests, the property is designed for high-volume dining and entertainment. The main level features an inviting dining room and bar area with fireplace, complemented by two spacious outdoor patios perfect for seasonal service. A rooftop bar provides additional outdoor seating for summer evenings and private events. The large, fully equipped kitchen includes three commercial hoods, ideal for accommodating multiple cooking lines and catering operations. Additional features include ample basement storage, well-maintained restrooms, and thoughtfully designed back-of-house areas that support smooth service flow. Adjacent to the Old Town parking deck for plenty of parking capacity. Offered at $2.2 million for the real estate plus $500,000 for the Class C liquor license, furniture, fixtures, and equipment, this turn-key property is ready for its next chapter. Whether you’re envisioning a lively brewpub, an upscale dining destination, or a multi-level entertainment venue, this property delivers the space, infrastructure, and location to make it happen. Also available for lease

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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: 2026-03-10T23:51:49.627.
www.housestraversecity.com/homes/169213690
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423 S Union Street Traverse City, MI 49684

  • Price: $2,700,000
  • Status: Active
  • On Site: 137 Days
  • Updated: 30 min ago
  • MLS #: 1939884
0
Beds
0
Baths
0
½ Baths
0.28
Acres
7,120
SQFT
$379
$/SQFT
1900
Built
Neighborhood:
Na
County:
Grand Traverse
Area:
Grand Traverse
Property Description
Traverse City’s most iconic Old Town neighborhood restaurant—formerly home to Blue Tractor restaurant and once the historic Dill’s Old Towne Saloon, this exceptional restaurant and bar space offers a rare combination of history, character, location and capacity. With seating for over 200 guests, the property is designed for high-volume dining and entertainment. The main level features an inviting dining room and bar area with fireplace, complemented by two spacious outdoor patios perfect for seasonal service. A rooftop bar provides additional outdoor seating for summer evenings and private events. The large, fully equipped kitchen includes three commercial hoods, ideal for accommodating multiple cooking lines and catering operations. Additional features include ample basement storage, well-maintained restrooms, and thoughtfully designed back-of-house areas that support smooth service flow. Adjacent to the Old Town parking deck for plenty of parking capacity. Offered at $2.2 million for the real estate plus $500,000 for the Class C liquor license, furniture, fixtures, and equipment, this turn-key property is ready for its next chapter. Whether you’re envisioning a lively brewpub, an upscale dining destination, or a multi-level entertainment venue, this property delivers the space, infrastructure, and location to make it happen. Also available for lease
Exterior Features

Construction Materials FrameWood Siding Foundation Details Block Garage YN Yes Roof Membrane

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features Main Floor AccessAccessible Entrance Below Grade Finished Area Units Square Feet Cooling Central Air Cooling YN Yes Furnished Furniture/Fixtures Heating Forced AirNatural Gas Heating YN Yes

Property Features

Association Fee Frequency Annually Business Incl Yes Business Type Food & BeverageBar/Tavern/Lounge Deeded Waterfront No ECOFeatures No Inventory Incl No Lease Amount Frequency Annually Lease Considered YN No Lease Renewal Option YN No Listing Terms Commercial LoanCash Lot Features Freestanding New Construction YN No Occupied No Open Parking YN Yes Other Parking Parking LotStreet Parking Ownership Type Private Owner Parking Features GarageParking LotOn Street Possession Close Of EscrowNegotiable Property Sub Type Retail Real Estate Incl Yes Rent Includes None Road Responsibility Public Maintained Road Road Surface Type Asphalt Security Features Fire Sprinkler System Sewer Public Sewer Special Licenses LiquorBeer/Wine Tax Legal Description partial from tax record: LOT 21 EXC S 0.9 FT & LOT 22 & LOT 23 BLOCK 5 HANNAH LAY & CO'S 1ST ADD. 2002 SPLIT RETIRED 618-098-00 CREATED NEW # 618-098-01 FOR 2003 2005 SPLIT RETIRED #618-098-01 AND CREATED #618-098-10 FOR 2007 2007 BOUNDRY ADJUSTMENT RETIR Water Source Public Waterfront YN No Year Built Effective 2009 Year Updated 2009 Zoning Description Multi-FamilyOfficeRetailCommercialRestaurant/Food

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt Traverse City: 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: 2026-03-10T23:51:49.627.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684