123 S Union St

123 S Union St, Traverse City, MI 49684

  • For Sale $2,950,000
  • Property Type Retail
  • Year Built 1900
  • Date Updated Aug 7, 2025
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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Highlights

  • Located downtown Traverse City between Front St & State St on the east side of Union St.
  • Exterior Description: Brick
  • Exterior Description: Concrete Block
  • Garage Description: Curb Parking.
  • Heating - Fuel Type: Gas
  • Heating Type: Forced Air
  • Road Type: City / Town Street
  • Roof: Rubber
  • Water: Municipal Water

Contacts

broker
Daniel Stiebel

Coldwell Banker Schmidt Realtors

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Traverse City, MI
  • Zip Code 49684

Points of Interest

  • ChargePoint

    0.21 miles

  • Speedway

    0.56 miles

  • Shell

    0.57 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

    0.04 miles

  • Lot R

    0.06 miles

  • Lot K

    0.07 miles

  • Lot P

    0.08 miles

  • Lot E

    0.08 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

    0.05 miles

  • Identity Brewing Co.

    0.05 miles

  • Poppycocks

    0.07 miles

  • Flying Noodle

    0.09 miles

  • Pangea's Pizza

    0.11 miles

  • Mama Lu's

    0.12 miles

  • The Omelette Shoppe

    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

    1.62 miles

  • Meijer

    1.72 miles

  • Save-A-Lot

    1.79 miles

  • Gordon Food Service

    2.20 miles

  • Kohl's

    2.23 miles

  • Cherryland Center

    2.30 miles

Frequently Asked Questions

How much does 123 S Union St cost?

The space currently listed for sale at 123 S Union St asks for $2,950,000.

What is the total square footage of 123 S Union St?

123 S Union St totals 20,000 square feet.

When was this property built?

123 S Union St was built in 1900.

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Contact Listing Broker
broker
Daniel Stiebel

Coldwell Banker Schmidt Realtors

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