About 123 S Union
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.
Features of 123 S Union
| MLS® # | 78080059839 |
|---|---|
| Price | $2,950,000 |
| Bathrooms | 0.00 |
| Acres | 0.12 |
| Year Built | 1900 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 123 S Union |
|---|---|
| Area | 28042 - Traverse City |
| Subdivision | NA |
| City | Traverse City city |
| County | Grand Traverse |
| State | Michigan |
| Zip Code | 49684 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Parking | Off Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Block, Brick |
|---|---|
| Foundation | Basement |
School Information
| District | Traverse City |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt Traver |
|---|---|
| Contact Info | dan@realestatetc.com |