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 |
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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 |
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Subdivision | Milliken Medical Building |
City | Traverse City |
County | Grand Traverse |
Province | Michigan |
Postal Code | 49684 |
Amenities
Utilities | WATER: Municipal Water SEWER: Municipal |
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Features | Additional Buildings, Elevator |
Parking Spaces | 84 |
Parking | Parking Lot |
Is Waterfront | No |
Interior
Heating | Natural Gas, Forced Air, Central Air |
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Has Basement | No |
Basement | Block |
Exterior
Exterior Features | Block, Stucco/Drivit, Other |
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Lot Description | irregular |
Roof | Membrane |
Construction | Block |
Additional Information
Date Listed | May 14th, 2024 |
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Days on Market | 248 |
Zoning | Multi-Family, Office, Other, Commercial, Planned Unit Development |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Coldwell Banker Schmidt Traverse City |
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