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 Market48
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) 632-9596
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 23 at 4:06AM
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.
5015 N Royal Dr offers approximately 8,098 SF of two-story medical office space. The property is positioned for healthcare-related use, with suitability noted for medical, dental, or professional office users.
Located on the west side of Traverse City, the building sits within a medical park environment with established healthcare neighbors nearby. This setting supports day-to-day proximity to other health services.
The layout is configured as a medical office building with space distributed across two floors, providing flexibility for multiple office functions within a single property.
Located on the west side of Traverse City, the building sits within a medical park environment with established healthcare neighbors nearby. This setting supports day-to-day proximity to other health services.
The layout is configured as a medical office building with space distributed across two floors, providing flexibility for multiple office functions within a single property.
Key Highlights
- Approximately 8,098 SF of two‑story medical office space
- Brick exterior with frame construction and asphalt shingle roof
- Located in a medical park on the west side of Traverse City
Property Analytics
Property Profile
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
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 - Two-story medical office space offering approximately 8,098 SF, suitable for medical, dental, or professional office 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: Approximately 8,098 SF of two‑story medical office space; Brick exterior with frame construction and asphalt shingle roof; Located in a medical park on the west side of Traverse City
