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123 S Union St, Unit Traverse City Traverse City, MI 49684

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For Sale
$4,550,000

Two properties with redevelopment potential and positive cash flow.

Property size:
20 SF

Property 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

Suggested Use

Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

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

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.**
More about this property
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