Second-Floor Office
New
For Lease
$2,000/Mo
5015 N Royal Drive, Traverse City, MI 49684
Commercial, Traverse City, MI
Space Size1,530 SF
Lot Size1.02 Acres
Days on Market2
Property Features for 5015 N Royal Drive
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Office
Parking
42
Parking features
Parking Lot
Exterior features
Brick
Lot features
Business Park, Freestanding
Directions
Located off Cedar Run Road
Subdivision
Grand Traverse
Standard status
Active
Size
1,530 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
LOT 1 WEST TRAVERSE OFFICE PLAZA
Legal Description
LOT 1 WEST TRAVERSE OFFICE PLAZA
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Manitou Commercial Real Estate, LLC
Listed By:
Kevin Query
(231) 632-9596
Added: Oct 21
Last Checked: Oct 22 at 6:06AM
MLS# 1951795
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The second-floor office suite at 5015 N Royal Drive contains 1,530 square feet, with four private offices arranged off a central hallway. A dedicated entrance serves the upper level, and parking is shared on site.
The property is in a medical and professional park on Traverse City’s west side, with Munson Medical Center, TVC Airport, Old Mission, and Leelanau noted as nearby destinations.
The property is in a medical and professional park on Traverse City’s west side, with Munson Medical Center, TVC Airport, Old Mission, and Leelanau noted as nearby destinations.
Key Highlights
- 1,530‑square‑foot upper‑level office suite
- Four private offices connected by a central hallway
- Separate entrance serving the second floor
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
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Market
Lease Benchmarks for Traverse City, MI
$22.83 /SF/Yr
Avg Asking Price
$9–$56.57 /SF/Yr
Price Range
4,495 SF
Avg Space Size
This space is priced 31% below the average of $22.83 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A private stairway leads to four enclosed offices arranged along a central corridor.
Where is this office unit located?
The property is located at 5015 N Royal Drive Traverse City, MI.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: 1,530‑square‑foot upper‑level office suite; Four private offices connected by a central hallway; Separate entrance serving the second floor
