423 S Union Street, Traverse City, MI 49684
na · Grand Traverse County
Key Facts
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. 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 sale.
Property Information
Property Type
Commercial Lease
Sub-Type
Retail
Year Built
1900
Living Area
7,120 sq ft
Lot Size
0.28 acres
Lot Dimensions
73' x 165'
Days on Market
166
MLS® Listing#
1939897
Property Features
Cooling
Heating
Parking
Construction
Foundation
Roof
Security
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$860,166
Parcel Number
28-51-618-098-21
Directions
Next to the AT&T store at the corner of S Union St & Eighth St.
Affordability Calculator
$5
Estimated monthly payment
$0/mo
Principal $20 · Est. interest $28 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Traverse City, MI
- $237,421
- Median Listing Price
- 58
- Median Days on Market
- 1,500
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 13,813
- Active Listings
- This home’s price is 100% below the area median.
- Its price per sq ft is 100% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City, MI.
Location
Points of Interest in Traverse City, MI
Showing the Traverse City area map.
Nearby Schools
Central Grade School
Elementary · 0.2 mi away
Holy Angels Elementary School
Elementary · 0.2 mi away
St Francis High School
Secondary · 0.3 mi away
Grand Traverse Area Catholic Schools
Elementary · 0.3 mi away
Traverse City Elementary School
Elementary · 0.4 mi away
Glenn Loomis Elementary School
Elementary · 0.6 mi away
Tcaps Montessori School
Elementary · 0.6 mi away
Trinity Lutheran Church & School, LCMS
Elementary · 0.6 mi away
Immaculate Conception Elementary School
Elementary · 0.8 mi away
Traverse City Senior High School
Secondary · 0.8 mi away
New Campus Center
School · 1.2 mi away
Traverse Bay Area Isd
School · 1.2 mi away
Greenspire School
Secondary · 1.3 mi away
Willow Hill Elementary School
Elementary · 1.3 mi away
Traverse Heights Elementary School
Elementary · 1.4 mi away
Bethlehem Nursery School
Elementary · 1.4 mi away
Traverse Bay Mennonite School
School · 1.4 mi away
Oak Park Elementary School
Elementary · 1.4 mi away
Tcaps Montessori School
Elementary · 1.5 mi away
Traverse City Central High School
Secondary · 1.8 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 113 S East Ave Avenue, Jackson City, MI | $18/sqft | — | — | 2,135 |
| 350 E Michigan Avenue Suite 200, Kalamazoo City, MI | $18/sqft | — | — | 481 |
| 315 E Front Street, Traverse City City, MI | $18/sqft | — | — | 8,060 |
| 2725 Airview Boulevard 203, Kalamazoo City, MI | $18/sqft | — | — | 36,187 |
| 125 S Kalamazoo Mall 201A, Kalamazoo City, MI | $18/sqft | — | — | 172,000 |
| 560 W Mitchell Street, Petoskey City, MI | $18/sqft | — | — | 1,559 |
Moving Cost Estimate
EXIT Agents in Traverse City
Listing Courtesy: Coldwell Banker Schmidt Traverse City - Off: 231-922-2350