المكان ده قريب من البنك والمستشفى.

In Egyptian Arabic, the usual pattern is:

noun + demonstrative

So:

• المكان ده = this place
• literally: the place this

This is completely normal in spoken Egyptian Arabic.
A few more examples:

• البيت ده = this house
• البنت دي = this girl
• الناس دول = these people

So even though it looks reversed from English, المكان ده is the natural Egyptian way to say this place.

Because in Egyptian Arabic, when you say this/that with a noun, the noun is usually definite, so it normally takes الـ.

So:

• المكان ده = this place
• الولد ده = this boy
• العربية دي = this car

Using مكان ده would sound wrong in normal Egyptian Arabic.

ده means this (masculine singular) in Egyptian Arabic.

It is used with masculine nouns, like:

• الكتاب ده = this book
• الشارع ده = this street
• المكان ده = this place

The feminine version is دي:

• البنت دي = this girl
• العربية دي = this car

And the plural version is often دول:

• الكتب دول = these books

So in this sentence, ده matches المكان, which is treated as masculine.

Because Arabic usually drops the verb to be in the present tense.

So:

• المكان ده قريب literally = this place near
• natural English = this place is near

This is very normal in both Egyptian Arabic and Standard Arabic.

Compare:

• أنا تعبان = I am tired
• هي هنا = she is here
• الجو حلو = the weather is nice

But in the past or future, Arabic does use verbs:

• كان قريب = it was near
• هيكون قريب = it will be near

قريب means near/close, and it is commonly followed by من to mean near to / close to.

So:

• قريب من البنك = near the bank
• قريب من البيت = near the house
• قريب مني = close to me

You can think of قريب من as a common expression meaning close to.

In Arabic, the word for and is و and it is written attached to the following word.

So:

• والمستشفى = and the hospital

This is normal Arabic spelling.
You will often see:

• البيت والمدرسة = the house and the school
• أحمد ومحمد = Ahmed and Mohamed

So the phrase:

• البنك والمستشفى

means:

• the bank and the hospital

In Arabic, each definite noun normally keeps its own definite article.

So Arabic says:

• the bank and the hospital
• البنك والمستشفى

not literally:

• the bank and hospital

You will notice this a lot:

• الولد والبنت = the boy and the girl
• البيت والعربية = the house and the car

Repeating الـ is standard and natural.

قريب is an adjective, and here it agrees with المكان, which is masculine singular.

That is why it appears as:

• قريب

If the noun were feminine, you would usually say:

• قريبة

Example:

• المدرسة دي قريبة = this school is near

If the noun were plural, the wording could change depending on the style and noun type, but for this sentence, قريب is correct because المكان is masculine singular.

A common Egyptian pronunciation would be:

el-makān da 'arīb men el-bank wel-mostašfa

You may also see it written approximately as:

il-makaan da 'areeb men il-bank wil-mostašfa

A few pronunciation notes:

• المكان → el-makān
• ده → da
• قريب is often pronounced 'arīb in Egyptian speech
• من often sounds like men
• و often sounds like we- / wi- depending on speed and surrounding sounds
• المستشفى is often pronounced something like el-mostašfa

They both mean this place, but they belong to different varieties of Arabic.

• المكان ده = Egyptian Arabic
• هذا المكان = Standard Arabic / MSA

The main difference is word order and the form of this:

• Egyptian: noun + ده/دي/دول
• Standard Arabic: هذا/هذه + noun

So:

• المكان ده = this place
• هذا المكان = this place

If you are focusing on spoken Egyptian, المكان ده is the form you want.

The final ى here is called alif maqṣūra, and in this word it is pronounced like a final short a sound.

So:

• المستشفى is pronounced roughly el-mostašfa

not with a final ee sound.

This spelling appears in a number of Arabic words. For learners, the important thing is mostly to recognize the word and remember the pronunciation.

Yes. البنك is the normal everyday word for the bank.

It is a loanword, and in Egyptian Arabic it is very common and natural.

Examples:

• أنا رايح البنك = I’m going to the bank
• البنك فاتح = the bank is open
• البيت قريب من البنك = the house is near the bank

So in this sentence, البنك is exactly what you would expect.

Yes, there are several natural variations depending on emphasis and style.

For example:

• المكان ده قريب من البنك ومن المستشفى
  = This place is near the bank and the hospital.
  Here, من is repeated for both nouns.

• المكان ده جنب البنك والمستشفى
  = This place is beside/next to the bank and the hospital.
  But جنب is more like next to / beside, not just near.

• المكان ده قريب أوي من البنك والمستشفى
  = This place is very near the bank and the hospital.

Your original sentence is perfectly natural and straightforward.