MI
GrandTraverse
Traverse City City
49684
123 S Union Street
123 S Union Street, Traverse City City, MI 49684
Share Listing
Listing Type
Commercial/Industrial
Listing Status
active
44
$2,950,000

Home Details for 123 S Union Street

Price
$2,950,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1900
Lot size acres
0.12
County
GrandTraverse
Garage
Days on site
222
MLS Listing#
78080059839
Property Description

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.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • None
  • Water Features
    • Public
  • House Interior
    • Elevator
  • Utilities
    • Natural Gas Connected
  • Parking
    • Off Site
Listing Courtesy: Coldwell Banker Schmidt Traver - 231-922-2350
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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