Retail - Investment - Redevelopment

For Sale

123 S Union St, Traverse City, MI 49684

This Traverse City property for sale is located at 123 S Union St. The current listed sale price for Retail - Investment - Redevelopment is $2,950,000. Retail - Investment - Redevelopment is situated on a lot that is 0.12 acre in size.

Contacts

broker
Dan Stiebel

Schmidt Realtors

Property Details

  • Property Type Retail - Street Retail
  • Property Size 20,000 SF
  • Lot Size 0.12 Acre
  • Property Tenancy Single Tenant
  • Year Built 1900
  • Date Updated Jul 22, 2025
Fantastic location in the heart of downtown between Front Street and the new Rotary Square on State Street.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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 100% Occupancy
  • 4 Floors - 3 Mezzanines
  • Boutique hotel
  • Continue Wilson's Antiques business
  • Elevator servicing main levels
  • Fire sprinklers throughout
  • Hardwood floors (upper flrs)
  • Mixed use redevelopment
  • Options:
  • Original tin, high ceilings (2nd flr)
  • Retail w/ residential condominiums
  • Short/long term rental

Getting around

  • 87/100

    Walk Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Traverse City, MI
  • Zip Code 49684

Points of Interest

  • ChargePoint

    0.21 miles

  • Speedway

    0.56 miles

  • Shell

    0.56 miles

  • Blink

    0.86 miles

  • Mobil

    0.87 miles

  • Mutual Service Station

    1.15 miles

  • Holiday

    1.30 miles

  • Traverse City Supercharger

    1.63 miles

  • Meijer

    1.64 miles

  • Pacific Pride

    1.74 miles

  • Lot G

    0.03 miles

  • Lot W

    0.05 miles

  • Lot R

    0.06 miles

  • Lot K

    0.07 miles

  • Lot P

    0.08 miles

  • Lot E

    0.09 miles

  • Lot O

    0.10 miles

  • Lot A

    0.11 miles

  • Lot T

    0.15 miles

  • Lot B

    0.16 miles

  • Charles and Reid Detroit Pizza

    0.02 miles

  • Mode's Bum Steer

    0.04 miles

  • Identity Brewing Co.

    0.05 miles

  • Poppycocks

    0.07 miles

  • Flying Noodle

    0.09 miles

  • Pangea's Pizza

    0.10 miles

  • The Omelette Shoppe

    0.11 miles

  • Mama Lu's

    0.12 miles

  • The Pub

    0.13 miles

  • Mackinaw Brewing Company

    0.14 miles

  • Oryana Natural Foods Market

    0.53 miles

  • Toms Food Market

    1.01 miles

  • Family Fare

    1.20 miles

  • Oleson's

    1.48 miles

  • Edson Farms Market and Deli

    1.61 miles

  • Meijer

    1.73 miles

  • Save-A-Lot

    1.79 miles

  • Gordon Food Service

    2.20 miles

  • Kohl's

    2.23 miles

  • Cherryland Center

    2.30 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Dan Stiebel

Schmidt Realtors

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.