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501 W Mitchell St
Petoskey, MI 49770

Price Upon Request

Storefront Retail Office For Sale  •  7,100 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 7,100 SF
  • Lot Size 0.5 AC
  • Building Class C
  • Year Built 1970
  • Tenancy Multiple
  • Zoning Commercial B-3
50 Walk Score

Highlights

The Heart of Petoskey, MI - Nearly 1 MILLION Visitors Annually from Across the United States and the World www.petoskeyarea.com
Prime Visibility & Location – Frontage along W Mitchell St (US-31), Petoskey’s main commercial corridor with strong daily traffic counts
Excellent Access & Parking – Easy ingress/egress with on-site parking; minutes from downtown, major retailers, and area amenities
New Roof Unit 1 and 2 ($34,000) and Parking Lot Seal and Stripe 2024 Unit 3 and 4 Roof was Replaced in 2013 Concrete Replacement 2023
Upside in Rent Appreciation and Converting Leases from Gross to NNN
Brand New Regional Lease – New 5-year lease with Cottage Inn Pizza, a trusted regional franchise with decades of brand recognition

Amenities

  • 24 Hour Access
  • Banking
  • Conferencing Facility
  • Freeway Visibility
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Balcony
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes