Listing Details

6,447 square foot, 4-unit commercial building for sale at 501 and 515 W Mitchell (US 31), Petoskey, MI! 3 active long-term net leases and 1 vacancy. All units are currently designed for commercial usage however B-3 zoning does permit residential and short term rentals, as well. The location for commercial activity is ideal, offering high customer visibility with estimated daily traffic count over 25,000, easy accessibility, and close proximity to many highly distinguished businesses. McLaren Northern MI Hospital is across the street and the Downtown Petoskey Gaslight District is a half mile down the road. The beautiful views of Lake Michigan's Little Traverse Bay from several offices within the building adds a special bonus. 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. Units 1-3 are located on the main level. Unit 1 is 1,320 sq ft with an open floor plan plus storage room. It is currently designed as a salon and is vacant. Unit 2 is 1,660 sq ft and designed as a medical office with a reception area, 3 offices, 3 exam rooms, and a break room. Unit 3 is the largest at 1,840 sq ft. It is a mostly open floor plan with 1 private office and storage room. The 2nd story consists of only Unit 4 totaling 1,670 sq ft with 6 private rooms for versatile office space.