224 Circle Drive, Traverse City, MI

Office for Sale - $3,750,000 - 17,540 Sq. Ft.


Agent Info

Alex MacKenzie
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1155230
Location
  224 Circle Drive
  Traverse City MI 49684
UpdatedApril 26th, 2024
TypeOffice
Price$3,750,000
Building17,540 Sq. Ft.

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.


Financials