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Traverse City, MI 49684,123 S Union Street 5600 US-31 N, Williamsburg, MI 49690
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Traverse City, MI 49684,123 S Union Street 5600 US-31 N, Williamsburg, MI 49690
Traverse City, MI 49684,123 S Union Street 5600 US-31 N, Williamsburg, MI 49690
Traverse City, MI 49684,123 S Union Street 5600 US-31 N, Williamsburg, MI 49690
Traverse City, MI 49684,123 S Union Street 5600 US-31 N, Williamsburg, MI 49690
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Tricia Boerma

Tricia Boerma

+1(989) 560-5779
Listed by Daniel J Stiebel • Coldwell Banker Schmidt Traver
$ 4,550,000
Est. payment /mo
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123 S Union Street 5600 US-31 N, Williamsburg, MI 49690 Traverse City, MI 49684

35,889 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Income

Listing Status Active

Purchase Type For Sale

Square Footage 35,889 sqft

Price per Sqft $126

Subdivision Mi

MLS Listing ID 1936620

Year Built 1900

Lot Size 1.220 Acres

Acres 1.22

Lot Dimensions combined

Property Sub-Type Income

Property Description

Incredible opportunity to continue Wilson's Antiques with two locations in the heart of downtown Traverse City on Union Street and in Acme on US-31. Each building rents booth space to independent antique dealers providing stable cash flow to the owner. The value of the properties is in the underlying real estate, but this is an opportunity to buy redevelopment property and have positive cash flow while future plans are made. 123 Union Street has 4 floors and 3 mezzanines totaling 20,000 SF. 5600 US-31 is 15,889 SF with over 10,000 SF on the first floor and a second level with incredible bay views. Buildings can also be purchased separately.

Location

State MI

County Grand Traverse

Zoning Residential,Multi-Family,Office,Retail,Commercial,Restaurant/Food,Motel/Hotel

Rooms

Basement Full, Slab

Interior

Heating Forced Air

Cooling Forced Air

Exterior

Exterior Feature Brick

Roof Type Asphalt,Membrane

Present Use Retail Store

Road Frontage Public Maintained, Blacktop

Building

Sewer Municipal

Water Municipal Water, Private Well

Others

Tax ID 28-51-702-004-00

Ownership Private Owner

Acceptable Financing Commercial Loan, Cash, 1031 Exchange

Listing Terms Commercial Loan, Cash, 1031 Exchange

Tricia Boerma

Tricia Boerma

Broker

+1(989) 560-5779

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123 S Union Street 5600 US-31 N, Williamsburg, MI 49690