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    321 E Lake St, Unit 2 Petoskey, MI 49770

    Sponsored
    For Lease
    $3,295 /Mo ($19 SF/Yr)

    Commercial/Industrial - Petoskey, MI

    Property size:
    1,979 SF
    Days on Market:
    19
    Last Refresh:
    Jan 6 at 12:06 pm

    Property Features for 321 E Lake St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2
    Rooms
    Basement
    APN
    Part of 52-19-06-226-017
    Interior features
    Natural Gas, Off-Street Parking, Air-Conditioning
    Basement Y/N
    1
    Size
    1,979 SF

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Natural Gas

    Building Details

    Floors in Building
    1
    Number of units
    1
    Architectural style
    Other

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

    Listing agent Sally Teal (231) 526-9800

    Listing date Dec 19, 2025

    MLS# 478464 Listing URL

    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.

    Overview

    Prime Retail Space in Petoskey

    This retail space is located in the Gaslight District of Petoskey, a hub of boutiques, galleries, and dining. The property benefits from a daily traffic count of 3,970 vehicles. It includes two dedicated private parking spaces at the rear of the building. The property is suitable for boutique retail, art gallery, specialty food shop, or professional services. The unit has been combined with the adjacent unit to serve as 1 retail space. The property is located in a resort community along the shores of Lake Michigan. The property contains 1,979 square feet and is located in Emmet county.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail 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
    -84.9562046
    Latitude
    45.3752387

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    FAQs

    What type of property is this?
    Retail space - Exceptional retail space in Petoskey's Gaslight District for lease.
    Where is this retail space located?
    The property is located at 321 E Lake St, Unit 2 Petoskey, MI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Petoskey's historic Gaslight District, a high-traffic area.; - High visibility with a daily traffic count of 3,970 vehicles.; - Two dedicated private parking spaces, a rare amenity in downtown Petoskey.
    (231) 881-9989
    Request Owner's contact information
    321 E Lake St, Unit 2 Petoskey, MI 49770
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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
    321 E Lake St, Unit 2 Petoskey, MI 49770
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