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$4,550,000
Est. payment /mo
35,889 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 35,889 sqft
Price per Sqft $126
MLS Listing ID 80059921
Year Built 1900
Lot Size 1.220 Acres
Acres 1.22
Lot Dimensions combined
Property Sub-Type Business
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 both 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 incredile bay views. Buildings can also be purchased separately
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Multi-Family,Professional Office,Commercial,Residential
Interior
Heating Forced Air
Exterior
Parking Features Off Site, Parking Lot
Roof Type Asphalt
Building
Foundation Basement, Slab
Water Private Well, Public Water
Structure Type Block,Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Exchange/Trade
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Listed by Coldwell Banker Schmidt Traver