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5087 N Royal

Garfield Twp, MI 49684
  • $720,000
  • STATUS: Accepting Backup Offers
  • ON SITE: 91 Days
  • ID#: 78080013281
Under Contract
UPDATED: 159 min ago
$720,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,481
    SQFT
  • $161
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1992
County:
Area:
Zoning:
Commercial,Office
Lot Size Dimensions:
condo

School Ratings & Info

Description

Fantastic medical office investment, leased to Munson Medical Center on 10-year lease which goes through August 31, 2031. Space is 4,481 SF of medical office in 2 unit condominium building. Each unit has a separate entrance and basement storage space. Munson Hospital is leasing this space for their Pulmonary and Critical Care office. Building offers great location in medical office park near the main hospital and has plenty of parking. Offered at 8.5% cap rate.

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IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-02-29T23:59:44.623.
www.alanbrowngroup.com/homes/145597182
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5087 N Royal Garfield Twp, MI 49684

  • Price: $720,000
  • Status: Accepting Backup Offers
  • On Site: 91 Days
  • Updated: 159 min ago
  • ID#: 78080013281
0
Beds
0
Baths
0
½ Baths
0.98
Acres
4,481
SQFT
$161
$/SQFT
1992
Built
Neighborhood:
N/A
County:
Grand Traverse
Area:
Garfield Twp
Property Description
Fantastic medical office investment, leased to Munson Medical Center on 10-year lease which goes through August 31, 2031. Space is 4,481 SF of medical office in 2 unit condominium building. Each unit has a separate entrance and basement storage space. Munson Hospital is leasing this space for their Pulmonary and Critical Care office. Building offers great location in medical office park near the main hospital and has plenty of parking. Offered at 8.5% cap rate.
Exterior Features

Construction Materials Frame Foundation Details Basement Lot Size Dimensions condo Roof Material Asphalt

Interior Features

Heating Cooling Forced AirCentral Air Heating Fuel Natural Gas Room Count 0

Property Features

Business Type MedicalOffice Commercial Type Business Opportunity Current Use MedicalProfessional/Office Land Contract YN No Listing Financing CashOtherTrade/Exchange Ownership Status Private Owned Possession Subject To Tenant Rights Postal City Traverse City Rent Includes HeatElectricWater Settlement Township Sewer Public Sewer (Sewer-Sanitary) Short Sale No Title Standard (Private) Unparsed Address 5087 N Royal Water Source Public (Municipal) Zoning CommercialOffice

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Coldwell Banker Schmidt-522: (231) 929-2300 and Aspire North REALTORS, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-02-29T23:59:44.623.
 
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Alan Brown Group
70 West Long Lake Rd
Troy MI, 48098