Retail - Investment - Redevelopment

123 S Union St, Traverse City, MI 49684

  • For Sale $2,950,000
  • 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.
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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

Contacts

broker
Dan Stiebel

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

    0.56 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

Frequently Asked Questions

How much does Retail - Investment - Redevelopment cost?

The space currently listed for sale at Retail - Investment - Redevelopment asks for $2,950,000.

What is the total square footage of Retail - Investment - Redevelopment?

Retail - Investment - Redevelopment totals 20,000 square feet.

When was this property built?

Retail - Investment - Redevelopment was built in 1900.

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Contact Listing Broker
broker
Dan Stiebel

Schmidt Realtors

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