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$2,950,000
175 Days On Site

123 S Union Street
Traverse City City, MI 49684

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
20,000
SqFt
$148
/SqFt
1900
Built
Subdivision:
NA
County:
GrandTraverse
Call Now: (248) 277-4226
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(248) 277-4226
123 S Union Street123 S Union Street123 S Union Street123 S Union Street
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Monthly Payment (Est.)

$13,459
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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.

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Listing Snapshot
Price 
$2,950,000
Days On Site 
175 Days
Bedrooms 
N/A
Inside Area (SqFt) 
20,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.12 Acres
Year Built 
1900
MLS® Number 
78080059839
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 months agoListing first seen on site
6 months agoListing updated with changes from the MLS®
General Features
Acres 
0.12
Building Features 
DisabledAccessElevators
Parking 
Off Site
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
20000
Utilities 
Natural Gas Connected
Water Source 
Public
Zoning 
Commercial, MultiFamily, Office, Residential
Interior Features
Heating 
Forced AirNatural Gas
Interior 
Elevator
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Exterior Features
Construction Details 
BlockBrick
Community Features
Financing Terms Available 
Cash1031 ExchangeTrade
MLS Area 
Area28042TraverseCity
School District 
TraverseCity
Schools
School District
TraverseCity
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Coldwell Banker Schmidt Traver: (231) 633-0432



IDX provided courtesy of Realcomp II Ltd. via AspireNorthREALTORS. Copyright © 2026 Realcomp II Ltd. Shareholders.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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