224 Circle Dr - Medical FOR SALE


Traverse City, MI 49684
$1,100,000 USD
231-633-0432
224 Circle Dr, Traverse City, MI for Sale
$1,100,000 USD
Medical - FOR SALE
1/62
null | Request Cap Rate

224 Circle Dr
Traverse City, MI 49684


OVERVIEW

Opportunity to purchase a prime 0.91 acre lot zoned H1 in downtown Traverse City next to Munson Hospital for only $28/SF for the land. This is a great development site for multifamily, medical, professional office or mixed-use. There is an additional 0.45 acre lot available across the street which could also be purchased. The value is in the land and no value is being given to the existing building.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Development Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

H-1

APN/PARCEL ID

51-866-020-00

ASK ABOUT THIS PROPERTY

Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.