Address
5123 N Royale Drive, Traverse City, MI
Price
$ 1,595,000
Property Attributes
  • MLS#1919691
  • TypeCommercial
  • CountyGRAND TRAVERSE
  • CityTraverse City
  • AreaGrand Traverse
  • NeighborhoodGarfield
  • Zip49684
  • StyleOffice
  • Price$ 1,595,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11486
  • Lot Size1.2 Acres
Data Source:
Northern Great Lakes REALTORS® MLS (NGLRMLS)
Property Description

Medical Office Building - 11,486 Sq/Ft. Main Level is 6,187 Sq/Ft. Walkout Lower Level is 5,299 Sq/Ft and Features a Large Open Area w/Picture Windows providing lots of natural light. Excellent for Physical Therapy, Patient Assessments, Gym Related Activities! Current tenant (month to month) is utilizing the lower level (some lab space), and approx. 2/3's of the main floor. The owner is using approx. 1/3 of the main floor & shared common areas. Owner leaseback is negotiable or buyer could use the entire building if needed. Many individual offices of various sizes. Close to Munson Hospital surrounded by a variety of Medical Practices.

Price History
2/28/2024 Listed $1,595,000

General Features

Roof Asphalt
Zoning Office
Sewer Municipal
Construction Brick,Frame

Interior Features

Basement Full,Walkout,Finished Rooms,Entrance Outside,Entrance Inside

Exterior Features

Exterior Features Brick

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
$1.6M
Visits
AVG 37
41
Data Provided by Inside Real Estate®
Year Built
AVG 1977
1994

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