Downtown Retail Building
123 S Union St Traverse City, MI 49684

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
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