Garfield Twp, MI 49684,5087 N Royal
$690,000
$720,000
4.2%
Est.Price: ?

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4,481 SqFt

5087 N Royal Garfield Twp, MI 49684

Est. payment /mo
SOLD DATE : 03/06/2024

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Key Details

Sold Price $690,000

Property Type Commercial

Sub Type Business Opportunity

Listing Status Sold

Purchase Type For Sale

Square Footage 4,481 sqft

Price per Sqft $153

MLS Listing ID 78080013281

Sold Date 03/06/24

Originating Board Aspire North REALTORS®

Year Built 1992

Lot Size 0.980 Acres

Acres 0.98

Lot Dimensions condo

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.

Location

State MI

County Grand Traverse

Area Garfield Twp

Zoning Commercial,Office

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame

Others

Tax ID 0540900100

Ownership Private Owned

Acceptable Financing Cash, Other, Trade/Exchange

Listing Terms Cash, Other, Trade/Exchange

Financing Cash,Other,Trade/Exchange

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Daniel J Stiebel of Coldwell Banker Schmidt-522
Bought with Coldwell Banker Schmidt-522

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Carrie Thompson

Digital Marketing Realtor | License ID: 6501338662

+1(810) 893-3269

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