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Property profile & analytics
FOR LEASE
Commercial land

560 W Mitchell St Petoskey, MI 49770

3.25 ac lot
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US43-4032199
Property summary
AI-generated overview

This 1,136 square foot medical office suite is located on the third floor of a larger medical building at 560 W Mitchell St, Petoskey, MI 49770. The building, constructed in 1954 and renovated in 1992, offers a total of 122,000 square feet on a 4.69-acre lot (APN: 52-19-06-199-001). The suite includes a restroom, waiting room/reception area, storage closet, and a large office. It's ideally suited for various medical specialties, including but not limited to chiropractic, pediatrics, dermatology, plastics, dental, physical therapy, and counseling. The building houses a diverse range of medical services, such as audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, pulmonary, and a sleep center. Utilities such as electricity, gas, phone, and internet are the responsibility of the tenant. A virtual tour is available online. This multi-tenant building presents a prime opportunity for medical professionals seeking established medical office space in a thriving community.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 3.25 ac (141,570 SF)
Zoning code COP H2
APN 52-19-06-100-056
UPID US43-4032199
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Petoskey Medical Office Building Ll · 9 yrs held
Petoskey Medical Office Building Ll
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
COP H2 · Petoskey, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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