Iconic Traverse City Restaurant
For Lease
Contact for pricing
423 S Union Street, Traverse City, MI 49684
High-capacity restaurant and bar in Traverse City's Old Town.
Space Size7,120 SF
Days on Market92
Property Features for 423 S Union Street
General Information
Standard status
Active
Size
7,120 SF
Property subtype
Retail
Building Details
Building Size
7,120 SF
Year Built
1900
Tenancy
Single
Spaces For Lease
at 423 S Union Street Contact us- Size
- 7,120 SF
- Type
- Retail
- Availability
- Active
Available Space
Listing Agency:
Coldwell Banker Commercial Traverse
Listed By:
Daniel Stiebel · License #6505157435
Source:
Crexi
Added: May 12
Changed: Aug 9
Last Checked: Aug 9 at 8:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Traverse
Investment Insights
Based on property information with market context.
Located next to the AT&T store at the corner of S Union St & Eighth St, this Traverse City restaurant and bar space, formerly home to Blue Tractor restaurant and once the historic Dill’s Old Towne Saloon, offers a 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 a dining room and bar area with fireplace, complemented by two spacious outdoor patios. 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, the property is ready for its next chapter, suitable for a brewpub, an upscale dining destination, or a multi-level entertainment venue.
Key Highlights
- Prime location in Traverse City's Old Town neighborhood
- High‑capacity restaurant space with seating for over 200 guests
- Turn‑key property with a fully equipped kitchen including three commercial hoods
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,191
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Groceries 8%
Dining 6%
Apparel 6%
Speedway
Shops & Services
7,650 visits/mo
0.5 miles
Chase Bank
Shops & Services
6,517 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
5,224 visits/mo
0.4 miles
Huntington Bank
Shops & Services
3,876 visits/mo
0.5 miles
Rocket Fizz
Groceries
2,403 visits/mo
0.4 miles
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- The Parlor TC — 205 Lake Ave, Traverse City, MI 49684
- Traverse City Whiskey Co. — 201 E Fourteenth St, Traverse City, MI 49684
- SideTraxx Dance Bar — 520 Franklin St, Traverse City, MI 49686
- Lake District Wine Co. — 539 E Eighth St, Traverse City, MI 49686
- Brady's Bar — 401 S Union St, Traverse City, MI 49684
Frequently Asked Questions
What type of property is this?
Bar & Pub - High-capacity restaurant and bar in Traverse City's Old Town.
Where is this bar & pub located?
The property is located at 423 S Union Street Traverse City, MI.
What are key features of this property?
This property features: Prime location in Traverse City's Old Town neighborhood; High‑capacity restaurant space with seating for over 200 guests; Turn‑key property with a fully equipped kitchen including three commercial hoods
