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Wilson's Antiques 123 S Union St 20,000 SF Retail Building Traverse City, MI 49684 $4,117,964 CAD ($205.90 CAD/SF)
EXECUTIVE SUMMARY
Incredible opportunity to continue the historic Wilson's Antiques business, or redevelop the building for a new use. Fantastic location in the heart of downtown between Front Street and the new Rotary Square on State Street. The building has 4 floors and 3 mezzanines, hardwood floors on the upper floors, high ceiling and original tin ceiling on the second floor. It has fire sprinklers throughout making a mixed use redevelopment a strong possibility. This would be a great location for a boutique hotel, or retail on the first floor with residential condominiums above. The business can be included for immediate cash flow and the antique store buyer. Current zoning allows for short term rentals or long term rentals. Elevator services main levels, but not mezzanines. Asking price supported by recent bank appraisal which was done for refinancing and is on the low side.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
C
Year Built
1900
Price
$4,117,964 CAD
Price Per SF
$205.90 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.59
Lot Size
0.18 AC
Zoning
Commercial - Commercial
Frontage
AMENITIES
- Mezzanine
- Signage
- Signalized Intersection
- Storage Space
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Wilson's Antiques
- Retailer
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Wilson's Antiques | Retailer | 99,999 SF | - | - |
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 51-702-004-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,871,268 CAD |
PROPERTY TAXES
Parcel Number
51-702-004-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,871,268 CAD
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Wilson's Antiques | 123 S Union St
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