224 Circle Drive Traverse City, MI $ 2,700,000
224 Circle Drive
$ 2,700,000
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224 Circle Drive

Traverse City, MI, 49684
$ 2,700,000
Baths0.0 Sq 17,540

Monthly Estimate*

$ 17,945

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Studio

Commercial Property for sale in Traverse City, MI

for $2,700,000. This 17,540 square foot building was built in 1955 on a lot size of 1.36.

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, with an additional 0.45 acre parking lot parcel right down the street included as well (1.36 acres in total). 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 two large parking lots accommodating up to 84 vehicles in total between two parcels. Two separate basements total an additional 9,000 SF providing great storage space.

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Commercial Active

Price

$ 2,700,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

1.36

Year Built

1955

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80017603

Features
General
Heating Forced Air
Cooling Central A/C
Possession At Close
Water Public Water
Status Active Active
Year Built 1955
Parking 21+ Spaces Parking Lot
Subdivision Milliken Medical Building MI
County Grand Traverse
Class COM/IND/BUS OPP
Type Business
Business Name N/A
Percent Ownership Corporation
Municipality Traverse City
Section 4
Zoning Multi-Family Professional Office Commercial Other
Commercial Features Bath Elevator(s) Outbuilding(s)
Area Traverse City (28021)
Primary City Traverse City
Location Corner Lot
Directions West on Front St from Downtown Traverse City left on S Madison St 224 Circle Dr will be on your right and parking lot parcel will be on your left
City Traverse City
Street Name Circle
Financial Terms Cash Conventional
Legal Description LOTS 20-21-22 WESTBROOKS ADD & LOTS 37 & 38 BLOCK 2 LAY PARK ADD - AMENDED PLAT FKA LOTS 13-14 BLOCK 2 LAY PARK ADD & W1/2 VACATED ALLEY
DOM 15
Postal Code 49684
Price Per Sq Ft Total 153.93
Coming Soon 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
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Exterior
Exterior Block Stucco
Lot Size Area 1.36
Lot Dimensions irregular
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Alex MacKenzie

Listing Agent

Coldwell Banker Schmidt-522

Broker

alex.mackenzie@cbsrcommercial.com

Email

Affordability Calculator

$17,945
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,945
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$2,700,000 Listed Price

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224 Circle Drive, Traverse City, MI, 49684 is a Commercial Property for sale at $2,700,000 with 17,540 sqft and a lot size of 1.36. 224 Circle Drive is a studio with 0.0 baths and was built in 1955. The property's zip code is 49684 which is in Traverse City, MI