123 S Union Street Active Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49684
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $147
MLS Listing ID 80059839
Year Built 1900
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 47' x 114'
Property Sub-Type Commercial/Industrial
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.
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Multi-Family,Professional Office,Commercial,Residential
Interior
Heating Forced Air
Exterior
Parking Features Off Site
Building
Foundation Basement
Water Public Water
Structure Type Block,Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Exchange/Trade