123 S Union St, Unit Traverse City Traverse City, MI 49684
Two properties with redevelopment potential and positive cash flow.
Property size:
20 SFProperty Features for 123 S Union St
General Information
- Size
- 20 SF
Building Details
- Year built
- 1900
Source:
Cbcworldwide
Listing Agent: Dan Stiebel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Two Redevelopment Properties with Income
This offering presents an opportunity to acquire two properties currently operating as Wilson's Antiques, situated in downtown Traverse City on Union Street and in Acme on US-31. The existing business model involves renting booth space to independent antique dealers, generating a consistent cash flow for the owner. The properties are positioned as redevelopment opportunities with the benefit of ongoing income. The Union Street location, at 123 S Union Street, encompasses four floors and three mezzanines, totaling 20,000 square feet. The US-31 location, at 5600 US-31, provides 15,889 square feet, including over 10,000 square feet on the first floor and a second level with bay views. The buildings can be purchased separately.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wilson Antiques
Antique Store
Bay West Precious ...
Gold Dealer
Bay West Antiques
Antique Store
Similar Places Nearby
Darling Botanical Company, Mourning Wreaths, The Flower Station
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6235849
- Latitude
- 44.7631639
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Two properties with redevelopment potential and positive cash flow.
Where is this storefront property located?
The property is located at 123 S Union St, Unit Traverse City Traverse City, MI.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: - Prime redevelopment opportunity in downtown Traverse City and Acme with positive cash flow.; - Two locations included: Union Street (downtown Traverse City) and US-31 (Acme).; - **123 Union Street: Large 20,000 SF building with 4 floors and 3 mezzanines.**
