224 Circle Drive, Traverse City, Michigan

$2,350,000

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10

Baths

17,540

Square feet

1.36

Acres

About 224 Circle Drive

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.

Features of 224 Circle Drive

MLS® # 1922252
Price $2,350,000
Bathrooms 10.00
Square Footage 17,540
Acres 1.36
Year Built 1955
Type Commercial
Sub-Type Office, Commercial Sale
Status Active U/C Taking Backups

Community Information

Address 224 Circle Drive
Subdivision Milliken Medical Building
City Traverse City
County Grand Traverse
Province Michigan
Postal Code 49684

Amenities

Utilities WATER: Municipal Water SEWER: Municipal
Features Additional Buildings, Elevator
Parking Spaces 84
Parking Parking Lot
Is Waterfront No

Interior

Heating Natural Gas, Forced Air, Central Air
Has Basement No
Basement Block

Exterior

Exterior Features Block, Stucco/Drivit, Other
Lot Description irregular
Roof Membrane
Construction Block

Additional Information

Date Listed May 14th, 2024
Days on Market 248
Zoning Multi-Family, Office, Other, Commercial, Planned Unit Development
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Schmidt Traverse City

Listing Map

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