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Two-Story Medical Office Building
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5015 Royal Drive, Traverse City, MI 49684

Established healthcare setting with professional workspace on Traverse City’s west side.

Property Size8,098 SF
Days on Market49

Property Features for 5015 Royal Drive

General Information

Standard status Active
Size 8,098 SF
Property subtype General Commercial

Amenities

3
260 x 180

Building Details

Year Built 1995
Stories 2
Listing Agency: Manitou Commercial Real Estate, LLC
Listed By: Kevin Query · License #6502433236
Source: Xome
Added: Jul 4 Changed: Aug 20 Last Checked: Aug 20 at 11:48AM

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

Investment Insights

Based on property information with market context.

This two-story medical office property contains approximately 8,098 square feet and was built in 1995. The building is configured for medical office use, with additional potential for professional office occupancy supported by the existing property classification.

Located on Royal Drive in Traverse City, the property sits on the city’s west side within a medical park setting. Nearby healthcare occupants contribute to an established medical-office context, while the two-story layout provides a substantial commercial footprint for an owner-user or office operation.

Key Highlights

  • Approximately 8,098 SF of medical office space
  • Two‑story building configuration
  • Built in 1995

Property Analytics

Current Use

Dr. Charles R. ... Physician Oakley David MD Physician Dr. Marci R. ... Physician Dr. Judith M. ... Physician Jessica Mastbergen DNP, ... Physician

Suggested Use

Top Pick Auto Repair Shop Restaurant Building Supply HVAC Service Parking Lot & Garage Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,085
Businesses Nearby
Balanced
Demand for This Use

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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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 - Established healthcare setting with professional workspace on Traverse City’s west side.
Where is this medical office space located?
The property is located at 5015 Royal Drive Traverse City, MI.
What are key features of this property?
This property features: Approximately 8,098 SF of medical office space; Two‑story building configuration; Built in 1995
More about this property
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