$1,545,000

127 S Union Street

Traverse City MI, 49684

Description

Own a part of Traverse City history! This two story building in the heart of downtown Traverse City has had extensive renovations including structural, mechanical & cosmetic and currently houses a stunning 2nd floor residential space along w/ a street level restaurant (currently leased) that includes fixtures, equipment, and a Class C liquor license! The upper level condo was thoughtfully converted over the last few years from its original use as a printing facility into a gorgeous, industrial-modern living space w/ historic & rustic features. The unit enjoys short-term vacation rental zoning and a solid Airbnb income history for additional income-generating options. The space is an entertainers dream w/ a gorgeous chefs kitchen & commercial range and an expansive dining & living room with the main focal point of the living area being the towering wall of glass overlooking Union Street. The unique bedrooms & bathrooms are clean, modern, and opulent utilizing clever aesthetics & design. Awe-inspiring architectural details include 12' of floor-to-ceiling brick forged in Traverse City from the clay of nearby Cedar Lake along w/ restored 110 y/o hardwood maple floors that span from wall to wall and have maintained their original warmth & character. A lengthy features list includes the old rustic hemlock beams salvaged from a local barn to the hefty solid white oak sliding barn doors & wood trim. Rooftop also has potential for future functional space. Almost anything you could possibly want to experience in the Traverse City area is conveniently & easily accessed from this central location. Click on virtual tour link for an incredibly realistic view of the upper level

Details

MLS#1862028
StyleIndustrial
Sub-TypeResale
StatusActive
Year1906
Days On Site141

Features

SQ Feet6,814
Story(s)1
ZoningResidential,Retail,Commercial

Market Activity 49684

Loading Form

Loading Form

Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49684
AreaGrand Traverse
Listing VS Median (in 49684)
Price:
$1,545,000
low | high
Med:
$249,450
100% of Average
SqFt:
6,814
low | high
Med:
1,951
100% of Average
$ / SqFt:
$227
low | high
Med:
$129
92.982893194856% of Average
On Site:
141
low | high
Med:
33
100% of Average
Listing Updated: 10/21/2019
MLS Number: 1862028
Listing Provided By:
Hagan 1545000  of  Coldwell Banker Schmidt-402
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.