500 Madison St, Petoskey
Listing Details
Exceptional Investment Opportunity: Prime Office Building in Petoskey Seize the chance to own this premium commercial office building, strategically located adjacent to the McClaren Hospital campus and just minutes from vibrant downtown Petoskey. Boasting a high-visibility position on one of Petoskey’s busiest corridors, this property benefits from a traffic count of over 25,000 vehicles daily, ensuring unparalleled exposure. This spacious building offers a well-maintained layout that accommodates multiple tenants. Currently, two long-term tenants occupy the upper levels, providing stable, consistent income. Additionally, a third tenant in the lower level has expressed interest in extending their lease, further solidifying the building’s investment potential. Features include: • Ample on-site parking to accommodate tenants and visitors. • A prime location with easy access to major thoroughfares and nearby amenities. • A high-demand area with proximity to healthcare, retail, and dining establishments. With its steady cash flow, premium location, and excellent growth potential, this property is ideal for seasoned investors or first-time buyers looking to enter the thriving Petoskey market. Don’t miss this rare opportunity to own a high-performing asset in one of Northern Michigan’s most desirable areas.
Request More Information
500 Madison St
Petoskey MI, 49770
$725,000
- Square Ft 4,954
- School District Petoskey
- County Emmet
- Water View No
- Waterfront No
- Type Commercial/ Industrial
- Subtype Professional/ Office Bldg.
- Zoning B-1
- Current Business Medical / Health Care, Office Building
- Water City
- sewer City
- utilities Underground Utilities
- # of Units 4
- stories One
- heat Natural Gas, Forced Air
- Features Natural Gas, Off-Street Parking, Air-Conditioning, Ample Parking
- Basement Full
- Listing Courtesy of Real Estate One
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.