418-420 S Union Street Traverse City, MI ^$ 1,450,000

418-420 S Union Street

^$ 1,450,000

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418-420 S Union Street

Traverse City, MI, 49684

^$ 1,450,000

Studio Baths0.0 Sq 1,960

Monthly Estimate*

^$ 9,637

418-420 S Union Street, Traverse City, MI 49684 - Image 1

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Studio

Commercial Property for sale in Traverse City, MI

for $1,450,000. This 1,960 square foot building was built in 1920 on a lot size of 0.38.

Two contiguous development parcels in the heart of downtown Traverse City. Situated in the 400 Block of S. Union in Old Town TC these parcels have onsite parking and are 1/2 block from the city run Old Town parking deck. A full 100 feet of street frontage in a C-2 development district they are ready for your commercial-residential development. Surrounded by dining, retail, banking, and a major downtown pharmacy this site is waiting for residential community housing.

Commercial Active

Price

^$ 1,450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

0.38

Year Built

1920

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80017416

Features

General

Heating Forced Air

Possession At Close

Roof Asphalt

Water Public Water

Status Active Active

Year Built 1920

Parking Parking Lot

Subdivision Old Town

County Grand Traverse

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name na

Percent Ownership Private

Municipality Traverse City

Section 3

Zoning Professional Office Commercial

Area Traverse City (28021)

Directions On west side of S. Union Street between Seventh & Eighth Street by Honor Bank.

City Traverse City

Street Name Union

Financial Terms Cash Commercial Loan

Legal Description Two tax id's make up listing. Partial from tax records: 28-51-618-024-00 LOTS 8 & 9 BLK 2 HANNAH LAY & CO'S 1ST ADD 28-51-618-025-00 LOTS 10-11 BLOCK 2 HANNAH LAY & CO'S 1ST ADD

DOM 26

Price Per Sq Ft Total 739.8

Coming Soon

Exterior

Exterior Frame Wood

Lot Size Area 0.38

Lot Dimensions 100'x165'

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Scott Hardy

Listing Agent

Coldwell Banker Schmidt-522

Broker

scott.hardy@cbgreatlakes.com

Affordability Calculator

$9,637

Per Month

Monthly Principal & Interest: $9,637
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$604,358

Percent of Sale Price 58%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$1,450,000		Listed Price

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418-420 S Union Street, Traverse City, MI, 49684 is a Commercial Property for sale at $1,450,000 with 1,960 sqft and a lot size of 0.38. 418-420 S Union Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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418-420 S Union Street

Commercial Property for sale in Traverse City, MI

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