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    Petoskey, MI

    Petoskey, MI Commercial Real Estate for Sale

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    Mixed-Use Building with Rental Micro-Units
    Updated: Jun 11
    Mixed-Use Building with Rental Micro-Units

    525 W Mitchell St, Petoskey, MI 49770

    $1,930,000
    22,405 sqft
    Commercially zoned B3 property in Petoskey with approximately 10,580 sq ft of rental opportunity
    Across the street from a regional hospital; walkable to downtown restaurants and waterfront
    Includes 16 micro rental units, plus 2 large commercial spaces for office/retail
    On‑site house with back yard: 2 bed, 2 bath plus 1‑car garage, and basement storage described as clean & dry
    Recent capital expenditures include a $90K roof and new windows, vanities, and sinks in small units
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    This listing looks promising.

    Here's a quick look at some key insights for

    525 W Mitchell St, Petoskey, MI 49770

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $177K
      Annual

    • Mortgage

      $450K
      Aug 2020
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    Retail and Office Building with Parking
    Updated: Jul 21
    Retail and Office Building with Parking

    321 E Lake Street, Petoskey, MI 49770

    $1,850,000
    7,958 sqft
    7,958‑SF commercial building in Petoskey’s Gaslight District with street‑level retail and second‑floor office suites
    3,958 SF retail space on the street level, currently occupied by a clothing store and can be retrofitted for two retail stores
    Second level offers 4,000 SF with five office suites and two restrooms
    8 dedicated private parking spaces at the rear of the building
    Natural gas heating; Year built: 1907
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    Flex Space Building with Parking
    Flex Space Building with Parking

    1327 N US 31, Petoskey, MI 49770

    $2,100,000
    5,120 sqft

    A versatile 5,120 SF building on a 3.6-acre site with frontage on two roads and a large paved parking lot.

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    Mixed-Use Building with Commercial Space
    Mixed-Use Building with Commercial Space

    525 W Mitchell Street, Petoskey, MI 49770

    $1,870,000
    10,580 sqft

    Multi-unit property with office/retail spaces and on-site rentals, including off-street parking.

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    Office-Flex and Workshop Building
    Office-Flex and Workshop Building

    4768 US-131, Petoskey, MI 49770

    $475,000
    7,200 sqft

    Well-maintained office and flex/workshop building with overhead loading access, 14 dedicated parking spaces, and an on-site apartment.

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    Mixed-Use Building with Office
    Mixed-Use Building with Office

    602 Jackson Street, Petoskey, MI 49770

    $564,900
    2,329 sqft

    Three-unit property includes a leased professional office and two upgraded 1-bedroom apartments.

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    Restaurant with Tavern License Opportunity
    Restaurant with Tavern License Opportunity

    3890 Charlevoix Avenue, Petoskey, MI 49770

    $99,000
    2,150 sqft

    Established Petoskey restaurant offers breakfast and lunch service and includes a tavern license opportunity for qualified tenants.

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    End-Unit Office Suite with Reception
    End-Unit Office Suite with Reception

    2780 #16 Charlevoix Road, Petoskey, MI 49770

    $219,000
    1,000 sqft

    Move-in-ready office suite with private office, reception, and conference room for professional services.

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    Tractor Supply-Leased Retail Store
    Tractor Supply-Leased Retail Store

    2201 N US Hwy 31, Petoskey, MI 49770

    $4,985,222
    19,532 sqft

    Retail storefront on US-31 leased to Tractor Supply Company, operated at the site since 2011.

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    Lakefront Commercial Land Parcel
    Lakefront Commercial Land Parcel

    Pickerel Lake Road, Petoskey, MI 49770

    $82,000
    0.47 AC lot

    Build-ready lakefront parcel with about 245 feet of frontage on Spring Lake in Petoskey, zoned EC B2.

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    Flex Building with Updated Offices
    Flex Building with Updated Offices

    2489 N US 31 Highway, Petoskey, MI 49770

    $440,000
    2,700 sqft

    Well-maintained flex facility with climate-controlled shop improvements and updated office space on a high-traffic corridor.

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    Bayside Restaurant with Tavern License
    Bayside Restaurant with Tavern License

    3890 Charlevoix Ave, Petoskey, MI 49770

    $120,000
    2,150 sqft

    Well-established restaurant serving breakfast and lunch, with a tavern license available by application.

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    Commercial Development Site on Bluff
    Commercial Development Site on Bluff

    4367 Charlevoix Ave, Petoskey, MI 49770

    $369,000

    Bluff-top commercial lot with prior assisted-living approval and utility access, offering bay and Beaver Island views.

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    Lakefront Development Land Opportunity
    Lakefront Development Land Opportunity

    4281 Pickeral Lake Road, Petoskey, MI 49770

    $568,000
    55.42 AC lot

    Combined 55-acre site with extensive lake-road frontage, suited to residential and farm/forest zoning considerations.

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    Historic Office Building Space
    Historic Office Building Space

    224 Michigan St, Petoskey, MI 49770

    Contact for pricing
    4,189 sqft

    Main level is barrier-free with high vaulted ceilings, abundant natural light, and delivered as a white box.

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    Petoskey Specialty Property For Sale
    Petoskey Specialty Property For Sale

    4170 Cedar Bluff Drive, Petoskey, MI 49770

    $5,275,846
    19,200 sqft

    Specialty property with a new, 7-year NNN lease.

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    Professional Office Suite
    Professional Office Suite

    1170 Bay View Rd, Petoskey, MI 49770

    Contact for pricing
    1,215 sqft

    Mid-sized office suite offers three offices, reception area, work room/office, and a private bathroom.

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    3-Bay Garage with Showroom
    3-Bay Garage with Showroom

    Petoskey, MI 49770

    $1,250,000
    3,200 sqft 2.00 AC lot

    3,200 sq ft building with heated garage and office.

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    Large Warehouse Storage Space
    Large Warehouse Storage Space

    1601 Standish Ave, Petoskey, MI 49770

    Contact for pricing
    3,635 sqft

    Large open warehouse storage area with plenty of parking, a shared restroom, and heated space.

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    Petoskey Plaza Investment Opportunity
    Petoskey Plaza Investment Opportunity

    105 W Mitchell St, Petoskey, MI 49770

    $1,950,000
    9,880 sqft

    9,880 Sq Ft Plaza in Petoskey, Michigan for sale.

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    Corner Retail Site with Drive-Thru
    Corner Retail Site with Drive-Thru

    624 Charlevoix Avenue, Petoskey, MI 49770

    Contact for pricing
    650 sqft 0.26 AC lot

    Former bank drive-thru on a northeast corner lot at US-31 and US-131, zoned B-3 with an approved site plan.

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    B-3b Zoned Commercial Land
    B-3b Zoned Commercial Land

    1110 Charlevoix Avenue, Petoskey, MI 49770

    $379,000

    Vacant, level lot with flexible B-3b zoning and access along a primary medical corridor near McLaren Northern Michigan.

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    Retail Space in Petoskey, MI
    Retail Space in Petoskey, MI

    910 Spring Street |, Petoskey, MI 49770

    Contact for pricing

    Retail space with high visibility and traffic in Petoskey.

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    Petoskey Town Center Retail Space
    Petoskey Town Center Retail Space

    1305 Spring Street |, Petoskey, MI 49770

    Contact for pricing

    Retail spaces available in the heart of Petoskey, Michigan.

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    Petoskey, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Petoskey, MI, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 125,093 square feet of properties for sale, with an estimated market value of $24,526,968.

    Sale prices for business properties in Petoskey, MI start at $82,000, averaging $1,362,609, and reaching up to $5,275,846 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 18K
    Population Growth (5Y) +4.9%
    Median Household Income $80,431
    College Educated 68.9%

    High-Yield Neighborhoods for Investment

    Identify Petoskey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49770 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 2.30%
    Property Tax per SF $9.63 per SF
    Tax Rate vs County Average 1.82 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Emmet County

    New Delisted

    Total CRE Inventory on Market (SF)

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