5087 N Royal Drive, Traverse City, MI
Office for Sale - $720,000 - 4,481 Sq. Ft.

Property Info
| CIMLS# | 1152135 |
| Location 5087 N Royal Drive Traverse City MI 49684 | |
| Updated | March 7th, 2024 |
| Type | Office |
| Price | $720,000 |
| Building | 4,481 Sq. Ft. |
Property Description
Fantastic medical office investment, leased to Munson Medical Center on 10-year lease which goes through August 31, 2031. Space is 4,481 SF of medical office in 2 unit condominium building. Each unit has a separate entrance and basement storage space. Munson Hospital is leasing this space for their Pulmonary and Critical Care office. Building offers great location in medical office park near the main hospital and has plenty of parking. Offered at 8.5% cap rate.
