Traverse City, MI 49684,224 Circle Drive

$550,000

$1,850,000

70.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

17,540 SqFt


SOLD DATE : 02/28/2025

Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Business Opportunity

Listing Status Sold

Purchase Type For Sale

Square Footage 17,540 sqft

Price per Sqft $31

Subdivision Milliken Medical Building

MLS Listing ID 78080014687

Sold Date 02/28/25

Originating Board Aspire North REALTORS®

Year Built 1955

Annual Tax Amount $50,197

Lot Size 0.910 Acres

Acres 0.91

Lot Dimensions irregular

Property Sub-Type Business Opportunity

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. 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.

Location

State MI

County Grand Traverse

Area Traverse City

Zoning Commercial,Multi-Family,Office,Other

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Utilities Available Elevator

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Additional Building Other

Structure Type Block,Stucco

Schools

School District Traverse City

Others

Tax ID 285186602000

Ownership Corporate/Relocation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Lindsey & Mike Broadwell

Our team is ready to help you sell your home for the highest possible price ASAP


Realcomp MLS
Listed by Alex MacKenzie of Coldwell Banker Schmidt Traverse City
Bought with Coldwell Banker Schmidt Traverse City
agent-avatar

+1(248) 877-1011

broadwell@realmilife.com

6060 Dixie Hwy, Clarkston, MI, 48346, USA

GET MORE INFORMATION

Name
Phone*
Message