501 And 515 W Mitchell Street, Petoskey

$650,000

5 Baths
5,814 Sqft

Multiple use options for this four-unit commercial building including using once space while you rent out the others. Located across from McLaren Hospital and right by the US-131 and US-31 intersection, this location boasts over 27,000 average annual daily traffic per day per MDOT. At the time of this writing two spaces are rented and one has been freshly remodeled and painted with an epoxy floor. Units 1 and 2 connect via a lockable door allowing for more space if desired. All leases feature clauses that allow for a buyer to terminate those leases within a short period if desired. Walkable to restaurants, the hospital, pharmacies, and more with a short drive to office supply stores. A two-minute drive to downtown Petoskey. With Petoskey and surrounding communities growing and more and more people choosing to live in the region, take this opportunity to gain a great value during a time where the marijuana industry has other commercial properties overly inflated.

Essential Information
MLS® #462613
Price$650,000
Bathrooms5.00
Half Baths5
Square Footage5,814
Acres0.00
TypeCOMMERCIAL/INDUSTRIAL
Sub-TypeCommercial/Industrial
Community Information
Address501 And 515 W Mitchell Street
CityPetoskey
CountyEmmet
StateMichigan
Zip Code49770
Features

Natural Gas, Off-Street Parking, Patio/Deck, Paved Roads, Cable TV, Air-Conditioning

Interior
BasementNone, Slab
StoriesTwo
Heating

Natural Gas, Electric, Forced Air

Exterior
WindowsInsulated
RoofRolled
ConstructionWood Frame, Block
School Information
DistrictPetoskey
Additional Information
ZoningCommercial B-3
Listing Details
This (property or listing) is courtesy of RE/MAX LIGHTHOUSE
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