For Sale $3,750,000
Property Type Office
Year Built 1955
Date Updated Apr 25, 2024
Website www.cbcworldwide.com

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. Featuring over 17,500 SF 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.

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Highlights

West on Front St from Downtown Traverse City, left on S Madison St, property will be on your right
Heating - Fuel Type: Gas
Road Type: City / Town Street
Exterior Description: Stucco
Roof: Rubber
Cooling: Central A/C
Water: Well
Heating Type: Forced Air
Exterior Description: Concrete Block

Contacts

Alex MacKenzie

Coldwell Banker Schmidt Realtors

(231) 929-2300

Location

Getting Around

Walk Score ®
58/100 Somewhat Walkable
Bike Score ®
71/100 Very Bikeable

Map
Street

City Traverse City, MI
Zip Code 49684

Points of Interest

Speedway

0.44 miles
Holiday

1.02 miles
Mobil

1.02 miles
ChargePoint

1.03 miles
Speedway

1.20 miles
Traverse City Supercharger

1.23 miles
Meijer

1.30 miles
Shell

1.50 miles
Blink

1.76 miles
Speedway

1.89 miles

Lot B

0.07 miles
Lot C

0.13 miles
Lot K

0.33 miles
Lot X

0.84 miles
Lot P

0.89 miles
Lot E

0.90 miles
Lot K

0.99 miles
Lot J

1.00 miles
Lot G

1.01 miles
Lot R

1.03 miles

Hotel Indigo

0.86 miles
The Whiting

1.07 miles
Park Place Hotel

1.24 miles
Wellington Inn

1.45 miles
Visit Up North Vacation Rentals

1.57 miles
Great Wolf Lodge

1.64 miles
Delamar Traverse City

1.65 miles
Courtyard

2.78 miles
Sierra Motel

2.82 miles
Cambria Suites

2.84 miles

Slabtown Burgers

0.30 miles
Spanglish

0.46 miles
Trattoria Stella

0.50 miles
Sleder's Family Tavern

0.51 miles
Sugar 2 Salt

0.51 miles
Mary's Kitchen Port

0.54 miles
Little Bohemia

0.54 miles
Dairy Lodge

0.55 miles
Frenchie's Famous

0.57 miles
Grand Traverse Pie Company

0.57 miles

Immaculate Conception Elementary School

0.48 miles
Willow Hill Elementary School

0.61 miles
The Greenspire School

0.72 miles
Central Grade School

0.81 miles
Trinity Lutheran School

0.87 miles
Montessori at Glen Loomis

0.96 miles
Saint Francis High School

1.11 miles
Holy Angels Elementary School

1.13 miles
Traverse City West Middle School

1.37 miles
Lone Tree School

1.74 miles

Frequently Asked Questions

What is the lease rate for 224 Circle Dr?

Rental asking rate at 224 Circle Dr is $1,875,000.00/YR.

What is the total square footage of 224 Circle Dr?

224 Circle Dr totals 17,540 square feet.

When was this property built?

224 Circle Dr was built in 1955.

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