Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    224 Michigan St Petoskey, MI 49770

    For Lease
    $6,000 /Mo ($17 SF/Yr)

    Commercial/Industrial - Petoskey, MI

    Property size:
    4,189 SF
    Days on Market:
    58
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 224 Michigan St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    O-S Office Service
    APN
    52-19-06-278-013
    Size
    4,189 SF

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    Petoskey Real Estate Group (231) 409-9119 [email protected]

    Listing agent Joe Blachy (231) 409-9119

    Listing date Oct 10, 2025

    MLS# 477968 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

    Historic Downtown Landmark For Lease

    Located in the heart of downtown Petoskey, this historic landmark building is undergoing thoughtful restoration for modern use. The property is situated steps from shops, dining, and the waterfront. The total area of the building is 4,189 square feet. The main level offers 2,490 square feet of space. Availability is slated for Spring 2026, delivered as a white box, ready for custom finishes. The property is barrier-free with high vaulted ceilings and abundant natural light. Potential uses include offices, creative studios, a theatre or performance venue, event space, medical or wellness facilities, and other commercial uses. The zoning is O-S Office Service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.9574896
    Latitude
    45.3726839

    Nearby Similar for Lease

    • $3,500 /Mo
      3,124 SF

      Historic Penn Plaza Office Space

      Iconic Petoskey office space with lake views and ample parking.
      101 Lewis St, Petoskey, MI 49770
      View Details
    • $6,800 /Mo
      3,958 SF

      Prime Retail Space in Petoskey

      Retail space in Petoskey's Gaslight District with high visibility.
      321 E Lake St, Petoskey, MI 49770
      View Details
    • $450 /Mo
      2,013 SF

      Petoskey Office Space For Rent

      Light and bright office spaces available in Petoskey, Michigan.
      2206 Mitchell Park Dr, Petoskey, MI 49770
      View Details
    • $16 SF/Yr
      1,500 SF

      Petoskey Retail or Office Space

      1,500 sq ft retail/office space with high traffic.
      2160 Anderson Rd, Petoskey, MI 49770
      View Details
    • $16 SF/Yr
      2,590 SF

      Petoskey Retail or Office Space

      2,590 sq ft retail or office space for lease.
      2160 Anderson Rd, Petoskey, MI 49770
      View Details
    • $18 SF/Yr
      40,000 SF

      Prime Charlevoix Road Office Space

      Class A Office Suites, 500-2000 sqft
      3890 Charlevoix Rd, Petoskey, MI 49720
      View Details

    FAQs

    What type of property is this?
    Office space - Rare opportunity in a historic building undergoing restoration in downtown.
    Where is this office space located?
    The property is located at 224 Michigan St Petoskey, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Petoskey location, steps from shops, dining, and the waterfront.; - Historic landmark building undergoing thoughtful restoration for modern use.; - Large main level space (2,490 sq. ft.) suitable for various commercial uses.
    (231) 409-9119
    Request Owner's contact information
    224 Michigan St Petoskey, MI 49770
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    224 Michigan St
    Petoskey, MI 49770
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    224 Michigan St Petoskey, MI 49770
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.