418-420 Union St Traverse City, MI 49684

This exceptional redevelopment opportunity presents two contiguous parcels totaling 1,960 square feet on a half-acre lot in the heart of Traverse City's vibrant Old Town. Located on the west side of South Union Street between Seventh and Eighth Streets, this Class A property boasts 100 feet of desirable street frontage within a C-2 development district. The site is ideally situated just half a block from the city's Old Town parking deck, offering convenient access for future residents and patrons. Currently vacant, with an occupancy date of July 17, 2024, this property is perfect for a commercial-residential development project. Surrounded by established businesses including dining, retail, banking, and a major pharmacy, this location offers unparalleled convenience and high visibility. The land value is estimated at $80-$95 per square foot. Onsite parking is available, adding to the property's appeal. This is a rare chance to acquire a prime development site in a thriving downtown area. The asking price is $1,450,000. Ownership is private, and the property is for sale by owner. This is a unique opportunity to create a thriving community in a highly sought-after location.