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Retail - Investment - Redevelopment

$2,950,000

123 S Union St, Traverse City, MI 49684

Active
Last Updated: 07/22/2025

20,000 sqft

Building Size

0.12 acres

Lot Area

Details:
Building Size:    20,000 sqft
Lot Area:    0.12 acres
Occupancy:    100%
Year Built:    1900
Floors:    3
Highlights:
  • 100% Occupancy
  • 4 Floors - 3 Mezzanines
  • Hardwood floors (upper flrs)
  • Original tin, high ceilings (2nd flr)
  • Fire sprinklers throughout
  • Elevator servicing main levels
  • Options:
  • Continue Wilson's Antiques business
  • Mixed use redevelopment
  • Boutique hotel
  • Retail w/ residential condominiums
  • Short/long term rental
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.

Fantastic location in the heart of downtown between Front Street and the new Rotary Square on State Street.

Natural Gas

Map:
Location
Gallery