End-Unit Office Suite with
2780 #16 Charlevoix Road Petoskey, MI 49770
2780 #16 Charlevoix Road, Petoskey, MI, 49770
$219,000
For Sale
$219,000
COMMERCIAL - Petoskey, MI
Property Size1,000 SF
Price / SF$219
Days on Market34
Property Features for 2780 #16 Charlevoix Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- PUD-2
- Standard status
- Active
- APN
- 13-18-02-450-16
- Size
- 1,000 SF
Taxes and HOA fees
- Tax Description
- Arrowhead commons condo, Unit 16
Utilities
- Heating system
- Natural Gas
Listing Agency
Real Estate One - Charlevoix
(231) 547-5100
1200 Bridge St., Charlevoix, MI
Listed by
Margie Tamminga
(231) 675-2498
Added: Jun 15 Checked: Jul 18 at 11:06 am
MLS# 479454
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.
Investment Insights
Based on property information with market context.
This end-unit office suite is designed for immediate occupancy, with a private office, a conference room, and a welcoming reception area. The space includes a kitchenette with granite countertops and a half bath with granite finishes and tile flooring. Built-in features are already in place, including a conference table with chairs, along with a large desk and custom bookshelves.
The property is located along Charlevoix Road in Petoskey, Michigan, within the PUD-2 zoning district. As an end unit, it offers a distinct layout compared with interior suites, while maintaining a self-contained office configuration.
The current improvements make the suite well-suited for a range of office users that want a ready-to-work environment, such as consulting, administrative operations, or other professional services. With dedicated spaces for client-facing reception, team meetings in the conference room, and focused work in the private office, it supports a practical day-to-day workflow without requiring immediate interior build-out.
The property is located along Charlevoix Road in Petoskey, Michigan, within the PUD-2 zoning district. As an end unit, it offers a distinct layout compared with interior suites, while maintaining a self-contained office configuration.
The current improvements make the suite well-suited for a range of office users that want a ready-to-work environment, such as consulting, administrative operations, or other professional services. With dedicated spaces for client-facing reception, team meetings in the conference room, and focused work in the private office, it supports a practical day-to-day workflow without requiring immediate interior build-out.
Key Highlights
- End‑unit office space with a private office, conference room, and reception area
- Kitchenette with granite countertops
- Half bath with a full sink, granite finishes, and tile flooring
Local Financial Insights For Office B
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 | $19.0k | $18.96 |
| − Vacancy | −$3.0k | −$3.00 |
| EGI | $16.0k | $15.96 |
| − OpEx | −$4.0k | −$3.99 |
| NOI | $12.0k | $11.97 |
1,000 SF · lease $18.96/SF/yr · vacancy 15.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$171.0K
$149.7K – $199.6K
NOI $11,973 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Move-in-ready office suite with private office, reception, and conference room for professional services.
Where is this office units located?
The property is located at 2780 #16 Charlevoix Road Petoskey, MI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: End‑unit office space with a private office, conference room, and reception area; Kitchenette with granite countertops; Half bath with a full sink, granite finishes, and tile flooring
