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Downtown Retail Building

123 S Union St Traverse City, MI 49684

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Overview

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.

For Sale

Retail

Secondary Uses: Free Standing

Sale Price
$2,950,000
Price Per SF
$147.5/SF
Building Size
20,000 SF
Acres
0.121 ac
Signage
On Building
Showing Instructions
Contact Broker
Building Class
C
Number of Buildings
1
Floors
3
Year Built
1900
Construction Siding
Brick
Construction Type
Masonry
Sprinklers
Other
Property Status
Existing
Lot Size
47' x 114'
Waterfront
Yes
County
Grand Traverse
Created
2025-07-21
Updated
2025-07-28
Listing ID
c3a35b3e
Parcel APN
51-702-004-00

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