5123 N Royale Drive # Lot: 4 Traverse City, MI ^$ 1,595,000

5123 N Royale Drive # Lot: 4

^$ 1,595,000

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5123 N Royale Drive # Lot: 4

Traverse City, MI, 49684

^$ 1,595,000

Studio Baths0.0 Sq 11,486

Monthly Estimate*

^$ 11,142

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Studio

Commercial Property for sale in Traverse City, MI

for $1,595,000. This 11,486 square foot building was built in 1994 on a lot size of 1.2.

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.

Commercial Active

Price

^$ 1,595,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

1.2

Year Built

1994

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80015057

Features

General

Heating Forced Air

Cooling Central A/C

Possession Negotiable (Possession)

Roof Asphalt

Water Public Water

Status Active Active

Year Built 1994

Parking 11-20 Spaces 21+ Spaces Parking Lot

Subdivision West Traverse Office Plaza MI

County Grand Traverse

Class COM/IND/BUS OPP

Type Business

Business Name Your Business Name

Percent Ownership Private

Municipality Garfield Twp

Section 5

Zoning Professional Office

Commercial Features ADA Accessible Bath Elevator(s) Other

Area Garfield Twp (28005)

Primary City Traverse City

Directions WEST FRONT ST TO CEDAR RUN RD TO N ROYAL DR TO PROPERTY.

City Traverse City

Street Name Royale

Financial Terms Cash Commercial Loan Conventional

Legal Description LOT 4 WEST TRAVERSE OFFICE PLAZA

DOM 55

Postal Code 49684

Price Per Sq Ft 138.86

Coming Soon Medical Office Building - 11 486 Sq/Ft. Main Level is 6 187 Sq/Ft. Walkout Lower Level is 5

Exterior

Exterior Brick Frame

Lot Size Area 1.2

Lot Dimensions 182x287

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Sam Abood

Listing Agent

Five Star Real Estate - Front St Tc

Broker

sam@samabood.com

Affordability Calculator

$11,142

Per Month

Monthly Principal & Interest: $11,142
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% 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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Nearby

Trends
Schools

Commerical listings in Traverse City, MI

Average List Price ^$575,606

Percent of Sale Price 64%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$1,595,000		Listed Price

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5123 N Royale Drive # Lot: 4, Traverse City, MI, 49684 is a Commercial Property for sale at $1,595,000 with 11,486 sqft and a lot size of 1.2. 5123 N Royale Drive # Lot: 4 is a studio with 0.0 baths and was built in 1994. The property's zip code is 49684 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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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5123 N Royale Drive # Lot: 4

Commercial Property for sale in Traverse City, MI

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