423 S Union Street new Save Request In-Person Tour Request Virtual Tour
Traverse City,MI 49684
Key Details
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,120 sqft
Price per Sqft $379
Subdivision Mi
MLS Listing ID 1939884
Year Built 1900
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 73' x 165'
Property Sub-Type Retail/Commercial
Property Description
Traverse City's most iconic Old Town neighborhood restaurant—formerly home to Blue Tractor restaurant and once the historic Dill's Old Towne Saloon, this exceptional restaurant and bar space offers a rare combination of history, character, location and capacity. With seating for over 200 guests, the property is designed for high-volume dining and entertainment. The main level features an inviting dining room and bar area with fireplace, complemented by two spacious outdoor patios perfect for seasonal service. A rooftop bar provides additional outdoor seating for summer evenings and private events. The large, fully equipped kitchen includes three commercial hoods, ideal for accommodating multiple cooking lines and catering operations. Additional features include ample basement storage, well-maintained restrooms, and thoughtfully designed back-of-house areas that support smooth service flow. Adjacent to the Old Town parking deck for plenty of parking capacity. Offered at $2.2 million for the real estate plus $500,000 for the Class C liquor license, furniture, fixtures, and equipment, this turn-key property is ready for its next chapter. Whether you're envisioning a lively brewpub, an upscale dining destination, or a multi-level entertainment venue, this property delivers the space, infrastructure, and location to make it happen. Also available for lease
Location
State MI
County Grand Traverse
Zoning Multi-Family,Office,Retail,Commercial,Restaurant/Food
Rooms
Basement Block
Interior
Heating Forced Air,Central Air
Cooling Forced Air,Central Air
Exterior
Exterior Feature Wood
Roof Type Membrane
Present Use Restaurant/Food Service,Bar
Road Frontage Public Maintained,Blacktop
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 28-51-618-098-21
Ownership Private Owner
Acceptable Financing Commercial Loan,Cash
Listing Terms Commercial Loan,Cash