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    1327 N Us 31 Petoskey, MI 49770

    For Sale
    $2,100,000

    Commercial/Industrial - Petoskey, MI

    Property size:
    5,120 SF
    Days on Market:
    101
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 1327 N Us 31

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    EC B-2
    APN
    01-16-34-100-012
    Interior features
    Natural Gas, Off-Street Parking, Ample Parking, Paved Roads
    Size
    5,120 SF

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Natural Gas

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    Berkshire Hathaway HomeServices Michigan Real Estate (231) 526-9800 [email protected]

    Listing agent Erin DeFrain (231) 526-9800

    Listing date Sep 4, 2025

    MLS# 476474 Listing URL

    Copyright © 2025 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land with Building

    This 3.6-acre parcel in Petoskey, MI, offers frontage on both US 31 and Pickerel Lake Road. The property includes a 5,120 sq ft building suitable for retail, office, showroom, or light industrial use. A large paved parking lot is also featured. The zoning is EC B-2, allowing for a range of commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.8827
    Latitude
    45.3433

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    FAQs

    What type of property is this?
    Commercial land - 3.6-acre parcel with 5,120 sq ft building in Petoskey.
    Where is this commercial land located?
    The property is located at 1327 N Us 31 Petoskey, MI.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - High-exposure location with frontage on US 31 and Pickerel Lake Road.; - Large 5,120 sq ft building suitable for various commercial uses.; - Substantial 3.6-acre parcel.
    (231) 526-9800
    Request Owner's contact information
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    Petoskey, MI 49770
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1327 N Us 31 Petoskey, MI 49770
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