Address
224 Circle Drive, Traverse City, MI
Price
$ 3,750,000
Property Attributes
  • MLS#1919308
  • TypeCommercial
  • CountyGRAND TRAVERSE
  • CityTraverse City
  • AreaGrand Traverse
  • NeighborhoodTraverse City
  • Zip49684
  • StyleOffice
  • Year Built1955
  • Taxes$ 50197
  • Price$ 3,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17540
  • Lot Size0.91 Acres
Data Source:
Northern Great Lakes REALTORS® MLS (NGLRMLS)
Property Description

Unique opportunity to purchase the iconic Milliken Medical property located right next to Munson Medical Center in the heart of Traverse City's hospital district. Featuring over 17,500 SF on approximately 0.91 acres, this property is perfect for continued medical office use, multi-family redevelopment, or any number of other options allowed under the coveted H-1 zoning. The first floor of the building is approximately 11,955 SF and features numerous exam rooms & offices, waiting and reception areas, 6 restrooms, and a beautiful courtyard in the center of the building. The second floor is approximately 5,585 SF in total and features 4 medical office suites with a dedicated restroom in each suite. The membrane roof is approximately 5 years old. Two elevators servicing building and large parking lot accommodating up to 42 vehicles. Two separate basements total an additional 9,000 SF providing great storage space.

Price History
2/14/2024 Listed $3,750,000

General Features

Roof Membrane
Zoning Multi-Family,Office,Other,Commercial,Planned Unit Development
Sewer Municipal
Construction Block

Interior Features

Basement Block

Exterior Features

Exterior Features Block,Stucco/Drivit,Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 49684

Price
AVG $510K
$3.75M
Taxes
AVG $14,055
$50,197
Visits
AVG 34
28
Data Provided by Inside Real Estate®
Year Built
AVG 1979
1955

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