501 W Mitchell Street, Petoskey
Listing Details
6,447 square foot, 4-unit commercial building for sale at 501 and 515 W Mitchell (US 31), Petoskey, MI! Smart investment opportunity with all 4 units currently under active lease agreements. This building is in high demand for businesses as it offers a great location for customer visibility and accessibility, plus beautiful peaks of Little Traverse Bay from several offices. Estimated daily traffic count of over 25,000 along this section of W Mitchell. Ample and accessible parking for all units totaling 21 parking spots. Several recent improvements including roofing on half of the building, a new A/C and furnace, and areas of fresh concrete. The first floor houses 3 units and the 4th unit is on the upper level. Unit 1, at 1,840 sq ft is the largest. It is a mostly open floor plan with 1 private office and storage room. Unit 2 is 1,660 sq ft. It was originally designed as a medical office and currently still has a reception area, 3 offices, 3 exam rooms, and a break room. Unit 3's 1,320 sq ft is a fairly open floor plan with a storage room. The 2nd story Unit 4 is 1,670 sq ft with 6 private rooms for versatile office space. Located across the street from McLaren Northern MI hospital and in close proximity to many other highly distinguished businesses. Just a half mile to the Downtown Petoskey Gaslight District.
Request More Information
501 W Mitchell Street
Petoskey MI, 49770
$780,000
- Square Ft 6,447
- Acres 0.44
- School District Petoskey
- County Emmet
- Water View Yes
- Waterfront No
- Type Commercial/ Industrial
- Subtype Commercial Building, Professional/ Office Bldg.
- Zoning COP B-3
- Current Business Office Building, Office Suite, Service
- Water City
- sewer City
- utilities Electricity
- # of Units 4
- stories Two
- heat Natural Gas, Forced Air, Heat Pump
- Features Off-Street Parking, Air-Conditioning, Ample Parking, Paved Roads
- Listing Courtesy of Coldwell Banker Schmidt- Harbor Springs
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of Northern Michigan MLS (NM-MLSX). Real estate listings held by brokerage firms other then the site owner are marked with NM-MLSX log and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor the site owner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Northern Michigan MLS, Inc. © All rights reserved.