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423 S Union Street

Traverse City, MI 49684
  • $2,700,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 1939884
UPDATED: 8 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 Citys most iconic Old Town neighborhood restaurant"formerly home to Blue Tractor restaurant and once the historic Dills 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 youre 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. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-11-16T19:51:53.47.
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: 22 Days
  • Updated: 8 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 Citys most iconic Old Town neighborhood restaurant"formerly home to Blue Tractor restaurant and once the historic Dills 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 youre 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 Frame Exterior Features Wood Foundation Block Lot Dimensions 73' x 165' Parking Parking GarageParking LotStreet Parking Road Public MaintainedBlacktop Roof Membrane

Interior Features

Heating Cooling Type Forced AirCentral Air

Property Features

Business Incl Yes Business Name formerly Blue Tractor Deeded Waterfront No Documents On File None Eco Features No Extras Sprinkler SystemFurniture/Fixtures Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses LiquorBeer/Wine Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession At ClosingNegotiable Present Use Restaurant/Food ServiceBar Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 3 Sewer Municipal Terms Commercial LoanCash Township Traverse City Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free Main Floor AccessNo Steps Entry Vacant Land No Water Municipal Water Year Remodeled 2009 Zoning Multi-FamilyOfficeRetailCommercialRestaurant/Food

Listing information © 2025 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. © 2025 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2025-11-16T19:51:53.47.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684