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$2,350,000
Est. payment /mo
17,540 SqFt
Contingent
224 Circle Drive Traverse City, MI 49684
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UPDATED:
01/15/2025 08:08 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Contingent
Purchase Type For Sale
Square Footage 17,540 sqft
Price per Sqft $133
Subdivision Mi
MLS Listing ID 80017603
Year Built 1955
Lot Size 1.360 Acres
Acres 1.36
Lot Dimensions irregular
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. First constructed as a 700 SF building in 1955, several additions over the years has resulted in a beautiful 17,500 SF building 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.
Location
State MI
County Grand Traverse
Area Traverse City (28021)
Zoning Multi-Family,Professional Office,Commercial,Other
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features 21+ Spaces, Parking Lot
Building
Water Public Water
Structure Type Block,Stucco
Others
Ownership Corporation
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt Traverse City