2356 N US 31, Petoskey, MI 49770
- Added:
- Apr 6, 2026
- Days on Market:
- 66
- Last Refresh:
- Jun 10 at 12:06 am
Property Features for 2356 N US 31
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 201 COMMERCIAL-IMPROVED
- Interior features
- Natural Gas, Ample Parking, Paved Roads
- Standard status
- Active
- APN
- 01-16-26-226-008 & 019
- Size
- 3,256 SF
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas
Building Details
- Floors in Building
- 1
- Architectural style
- Other
Listing agent Erin DeFrain (231) 420-1394
Listing office Berkshire Hathaway HomeServices Michigan Real Estate - HS 102 E Main St., Harbor Springs, MI (231) 526-9800
Listing date Apr 6, 2026
Copyright © 2026 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.
HighLights
- Prime location on US 31, next to Hearthside Grove and luxury storage.
- Versatile commercial property suitable for various businesses.
- Spacious 3,256 sq ft open pole building with two large garage doors.
- Separate office area within the building.
- Generously sized paved parking lot.
- Natural gas heating and availability.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $20.04 |
| − Vacancy | −$4.6k | −$1.40 |
| EGI | $60.7k | $18.64 |
| − OpEx | −$9.1k | −$2.80 |
| NOI | $51.6k | $15.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Petoskey
- County
- Emmet
- State
- Michigan
- Longitude
- -84.872359
- Latitude
- 45.405731