423 S Union St

423 S Union St, Traverse City, MI 49684

Property Information

  • For Lease $25.00/SF/YR
  • Property Type Retail - Restaurant
  • Property Size 7,120 SF
  • Lot Size 0.28 Acre
  • Year Built 1900
  • Date Updated May 13, 2026

Description

Traverse City’s most iconic Old Town neighborhood restaurant—formerly home to Blue Tractor restaurant and once the historic Dill’s Old Towne Saloon, this exceptional restaurant and bar space offers a rare combination of history, character, location and capacity. With seating for over 200 guests, the property is designed for high-volume dining and entertainment. The main level features an inviting dining room and bar area with fireplace, complemented by two spacious outdoor patios perfect for seasonal service. A rooftop bar provides additional outdoor seating for summer evenings and private events. The large, fully equipped kitchen includes three commercial hoods, ideal for accommodating multiple cooking lines and catering operations. Additional features include ample basement storage, well-maintained restrooms, and thoughtfully designed back-of-house areas that support smooth service flow. Adjacent to the Old Town parking deck for plenty of parking capacity. This turn-key property is ready for its next chapter--whether you’re envisioning a lively brewpub, an upscale dining destination, or a multi-level entertainment venue, this property delivers the space, infrastructure, and location to make it happen. Also available for sale.

Highlights

  • Next to the AT&T store at the corner of S Union St & Eighth St.
  • Cooling Central AC
  • Exterior Description Wood Siding
  • Garage Description Curb Parking.
  • Garage Description Garage
  • Heating Fuel Type Gas
  • Heating Type Forced Air
  • Road Type City Town Street
  • Roof Rubber
  • Water Municipal Water

1 Space Available

Space Available

Space Type

Restaurant

Lease Rate

$25.00/SF/YR

Total Space

7,120 SF

Min Divisible

7,120 SF

Lease Type

NNN

Sublease

No

Build Type

Full build out

Turnkey

Yes

Contacts

Daniel Stiebel

Coldwell Banker Schmidt Realtors

Location

Contact Listing Broker
Daniel Stiebel

Coldwell Banker Schmidt Realtors

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