Two-Story Medical Office
For Lease
$21 SF/Yr
5015 N Royal Drive, Traverse City, MI 49684
Commercial, Traverse City, MI
Space Size8,098 SF
Lot Size1.02 Acres
Days on Market93
Property Features for 5015 N Royal Drive
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Office
Parking features
Parking Lot
Exterior features
Brick
Lot features
Business Park
Directions
Located off Cedar Run Road
Subdivision
Grand Traverse
Standard status
Active
Size
8,098 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
(231) 632-9596
Listed By:
Kevin Query · License #6502433236
(231) 929-2955
Added: Jul 7
Changed: Sep 7
Last Checked: Oct 7 at 9:06AM
MLS# 1947735
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.
Investment Insights
Based on property information with market context.
Located at 5015 N Royal Drive in Traverse City, this 8,098-square-foot medical office property occupies two stories on a 1.02-acre site. The building features brick exterior construction, a frame structural system, an asphalt roof, and a dedicated parking lot.
The property is positioned on Traverse City’s west side within a medical park setting, with established healthcare neighbors nearby. Its configuration is suited to medical, dental, and professional office users seeking a larger office environment with on-site parking.
The property is positioned on Traverse City’s west side within a medical park setting, with established healthcare neighbors nearby. Its configuration is suited to medical, dental, and professional office users seeking a larger office environment with on-site parking.
Key Highlights
- 8,098 square feet of two‑story medical office space
- 1.02‑acre site on Traverse City’s west side
- Established healthcare neighbors nearby
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Balanced
Demand for This Use
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
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Omnivet Veterinary Urgent Care — 3960 W Royal Dr, Traverse City, MI 49684
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick office property with parking lot access and nearby healthcare users.
Where is this medical office space located?
The property is located at 5015 N Royal Drive Traverse City, MI.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: 8,098 square feet of two‑story medical office space; 1.02‑acre site on Traverse City’s west side; Established healthcare neighbors nearby
