4977 Skyview CtTraverse City, MI 49684

Property Details for 4977 Skyview Ct

Year built

2000

Lot size

0.68 AC

Property size (Sq ft)

3,102 SF

Property type

Medical offices

Property subtype

Medical centers

APN

05-078-003-00

APU

507800300

Description

This exceptional 3,102 square foot medical office building is ideally situated at 4977 Skyview Court in Traverse City, Michigan, 49684. Located in Grand Traverse County, this property boasts a highly desirable location near Munson Hospital and other medical and dental practices, ensuring high visibility and convenient access for patients. Currently occupied, the building will be available for a new user in March 2025, offering a fantastic opportunity for expansion or relocation. The building is in excellent condition, having undergone recent upgrades including roof, HVAC, and water heater replacements within the last two years. The flexible floor plan allows for single or dual occupancy, catering to a variety of needs. Shared parking is available with neighboring buildings, and the property owners association manages snow plowing, ensuring year-round accessibility. The asking price for this turnkey medical office space is $679,000. Directions: From the Cedar Run/W Front St intersection, travel west on Cedar Run for 0.3 miles, turn right onto Skyview Ct; the building is the first on the left. This property presents a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving medical corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $566,558

  6.5%

  $522,977

  7%

  $485,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,036

  Geo Method

  $404,036

• Alternative Use

  Use

  Valuation

  Residential

  $648,491

  Hospitality

  $594,015

  Educational

  $494,213

  Medical

  $511,210

  Retail

  $768,776

Location Insight

City

Traverse City

County

Grand Traverse

State

Michigan

Latitude

44.7605

Longitude

-85.6571

CBSA code

45900

CBSA name

TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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