Upper-Level Office
5015 N Royal Drive Unit #Upper Level, Traverse City, MI 49684
For Lease
$2,000/Mo
Four private rooms line a central corridor, with a dedicated second-floor entry and shared parking.
Space Size1,530 SF
Days on Market21
Property Features for 5015 N Royal Drive Unit #Upper Level
General Information
Standard status
Size
Net Rentable
Property subtype
Space & Availability
Available Space
Contiguous Space
Floor
Space Use
Private Offices
Building Details
Building Size
Year Built
Listing Agency:
Manitou Commercial Real Estate, LLC
Listed By:
Kevin Query · License MI #6502433236
(231) 632-9596
Source:
Themittengroup
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 8 at 4:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Manitou Commercial Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 1,530-square-foot office unit occupies the upper floor of a building constructed in 1995. A private entrance serves the second level, where four enclosed offices connect to a central hallway. Parking is shared on site.
The property is on Traverse City’s west side within a medical and professional park. Munson Medical Center is minutes away, and the location offers access to TVC Airport, Old Mission and Leelanau.
The property is on Traverse City’s west side within a medical and professional park. Munson Medical Center is minutes away, and the location offers access to TVC Airport, Old Mission and Leelanau.
Key Highlights
- 1,530 SF of upper‑level office space
- Four private offices arranged off a central hallway
- Private entrance to the second floor
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
$27.34 /SF/Yr
Avg Asking Price
$9–$275 /SF/Yr
Price Range
3,483 SF
Avg Space Size
This space is priced 43% below the average of $27.34 /SF/Yr.
Average Price Trend$/SF/Yr for Office Units in Traverse City, MI
Properties on Market for Office Units in Traverse City
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Four private rooms line a central corridor, with a dedicated second-floor entry and shared parking.
Where is this office unit located?
The property is located at 5015 N Royal Drive Unit #Upper Level 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 SF of upper‑level office space; Four private offices arranged off a central hallway; Private entrance to the second floor
