Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    423 Un St Traverse City, MI 49684-2536

    • Turn key restaurants
    • 5,923 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2047928
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Blue Tractor Barbeque / Bar / Restaurant

    Property Details for 423 Un St

    Year built
    1900
    Lot size
    0.28 lot acres
    Property size
    5,923 SF
    Property type
    Turn key restaurants
    APN
    51-618-098-21
    APU
    5161809821

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6234
    Latitude
    44.7597
    CBSA code
    45900
    CBSA name
    TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,722
    $0.00
    $0.00
    $786,600
    -
    $0.00
    $0.00
    $1,713,102

    Comparable in this City

    • Value Estimation by Request
      8,480 SF

      161 Frnt St

      RESTAURANT • 8,480 SF
      161 Frnt St, Traverse City, MI 49684-5769
      View Details
    • Value Estimation by Request
      3,182 SF

      3050 Us Hwy 31st S

      RESTAURANT • 3,182 SF
      3050 Us Hwy 31st S, Traverse City, MI 49684-4533
      View Details
    • Value Estimation by Request
      7,309 SF

      2455 Us Hwy 31st S

      RESTAURANT • 7,309 SF
      2455 Us Hwy 31st S, Traverse City, MI 49684-4520
      View Details
    • Value Estimation by Request
      1,560 SF

      113 State St

      RESTAURANT • 1,560 SF
      113 State St, Traverse City, MI 49684-2512
      View Details
    • Value Estimation by Request
      3,120 SF

      129 Un St

      RESTAURANT • 3,120 SF
      129 Un St, Traverse City, MI 49684-2519
      View Details
    • Value Estimation by Request
      5,872 SF

      2691 Us Hwy 31st S

      RESTAURANT • 5,872 SF
      2691 Us Hwy 31st S, Traverse City, MI 49684-4524
      View Details

    Similar Nearby for Sale

    • $2,700,000
      7,120 SF

      Iconic Traverse City Restaurant Opportunity

      Turn-key restaurant and bar with high capacity and prime location.
      423 S Union St, Traverse City, MI 49684
      View Details
    • $890,000
      1.18 Acres

      Traverse City Retail Development Opportunity

      Prime retail development land in Traverse City, drive-thru approved.
      3560 Market Pl Cir, Traverse City, MI 49684
      View Details
    • $6,999,900

      Waterfront Development Site Opportunity

      Commercially zoned waterfront property near downtown Traverse City.
      841-849 E Front St, Traverse City, MI 49684
      View Details
    • $1,900,000
      4,620 SF

      Downtown Traverse City Retail/Office Building

      Remodeled retail and office building in downtown Traverse City.
      440 E Front St, Traverse City, MI 49684
      View Details
    • $773,400
      2,578 SF

      Retail Condo in Downtown Traverse

      2,578 SF retail condo in downtown Traverse City.
      141 W Front St, Traverse City, MI 49684
      View Details
    • $891,300
      2,971 SF

      Retail Condo in Downtown Traverse

      2,971 SF retail condo in prime Traverse City location.
      137 Pine St, Traverse City, MI 49684
      View Details

    Similar Nearby for Lease

    • $3,292 /Mo
      2,822 SF

      Traverse City Retail Store

      2,822 SF retail space ideal for food service.
      3480 S Airport Rd, Traverse City, MI 49684
      View Details
    • $24 SF/Yr
      2,971 SF

      Downtown Traverse City Retail Condo

      Retail condo in downtown Traverse City, completion scheduled for June 2026.
      137 Pine St, Traverse City, MI 49684
      View Details
    • $24 SF/Yr
      2,532 SF

      Retail Condo in Traverse City

      Retail space for rent in downtown Traverse City, Michigan.
      143 W Front St, Traverse City, MI 49684
      View Details
    • $7,438 /Mo
      3,500 SF

      Downtown Traverse City Commercial Building

      Versatile commercial building in downtown Traverse City, suitable for various uses.
      120 Park St, Traverse City, MI 49684
      View Details
    • $2,800 /Mo
      1,500 SF

      Downtown Traverse City Kitchen Space

      Versatile commercial kitchen space in downtown Traverse City for lease.
      436 W Front St, Traverse City, MI 49684
      View Details
    • $23 SF/Yr

      Downtown Traverse City Retail Opportunity

      Retail space suitable for coffee, smoothies, or sandwiches in Traverse City.
      131 Lake Ave, Traverse City, MI 49684
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      1.2k
    • Avg Time on site
      45 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    423 Un St
    Traverse City, MI 49684-2536
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.