423 S Union Street Traverse City, MI 49684

Building Details

Year Built

1900

Listing agency Coldwell Banker Schmidt Traverse City d***@cbgreatlakes.com Show Phone

Listed by Daniel J Stiebel · License #6502352362

Source Homesforsaleinmich

Added: Oct 24, 2025 Updated: Jul 22 at 7:41AM Checked: Jul 22 at 7:41AM

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Investment Insights

Based on property information with market context.

This turn-key restaurant and bar space is built for high-volume service, with seating for over 200 guests across an inviting main-level dining room and bar area featuring a fireplace. The property also includes two spacious outdoor patios for seasonal service and an additional rooftop bar with extra outdoor seating for summer evenings and private events. The large, fully equipped kitchen is supported by three commercial hoods, helping accommodate multiple cooking lines and catering operations. Back-of-house functionality is reinforced with ample basement storage, well-maintained restrooms, and designed areas that support smooth service flow.

Located adjacent to the Old Town parking deck, the space is positioned for convenient guest parking.

Previously home to Blue Tractor restaurant and once the historic Dill’s Old Towne Saloon, the property offers a multi-level configuration with substantial kitchen capacity for a range of food-and-beverage programming.

Key Highlights

• 1900‑built restaurant and bar space in Traverse City’s Old Town neighborhood
• Seating for over 200 guests, designed for high‑volume dining and entertainment
• Fully equipped kitchen with three commercial hoods for multiple cooking lines and catering operations

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FAQs

What type of property is this?

Conventional restaurant - Turn-key restaurant and bar space with seating for 200+ and a fully equipped kitchen featuring three commercial hoods.

Where is this conventional restaurant located?

The property is located at 423 S Union Street Traverse City, MI.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: 1900‑built restaurant and bar space in Traverse City’s Old Town neighborhood; Seating for over 200 guests, designed for high‑volume dining and entertainment; Fully equipped kitchen with three commercial hoods for multiple cooking lines and catering operations