HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
$ 2,700,000
Est. payment /mo
Active
423 S Union ST Traverse City, MI 49684
7,120 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,120 sqft
Price per Sqft $379
Subdivision Na
MLS Listing ID 78080063112
Year Built 1900
Lot Size 0.280 Acres
Acres 0.28
Property Description
Traverse City’s most iconic Old Town neighborhood restaurantâ€"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
Area Area28042Traversecity
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Fireplace No
Exterior
Parking Features ParkingLot
Utilities Available NaturalGasConnected
View Y/N No
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Traversecity
School District Traversecity
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
©2025 Realcomp II Ltd. Shareholders
Listed by Daniel J Stiebel of Coldwell Banker Schmidt Traver