5123 N Royal Drive
Traverse City, MI 49684

$1,700,000

Description

This Medical Related Office Building consist of 11,486 sq/ft of which 6,187 s/f on first floor and 5,299 s/f on lower walkout level. Currently, the Owner is occupying much of the upper level and Tenant is using the lower level plus part of first floor ( We have a floor plan showing details) Also , both occupants are sharing some common spaces.The Owner/Seller is willing to Lease back his space and or willing to vacate to a new location.This is a high quality office building in a super good medically related environment,near Munson Hospital, It is adaptable to many conventional office uses, lots of built ins, spacious offices ,regular sized offices and some large rooms.Excellent Opportunity for Owner occupied for part of space and grow into the remaining space or Consider Income Investment Opportunity.

Details

MLS#1845051
StyleRetail
Sub-TypeResale
StatusActive
Year1994
Days On Site171

Features

SQ Feet11,486
Story(s)1
ZoningOffice

Market Activity 49684

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49684
AreaGrand Traverse
Listing VS Median (in 49684)
Price:
$1,700,000
low | high
Med:
$219,900
100% of Average
SqFt:
11,486
low | high
Med:
620
100% of Average
$ / SqFt:
$148
low | high
Med:
$355
89.636755218217% of Average
On Site:
171
low | high
Med:
171
100% of Average
Listing Updated: 03/22/2019
MLS Number: 1845051
Listing Provided By:
Schmuckal 1700000  of  JAMES A SCHMUCKAL
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