560 W Mitchell St Petoskey, MI 49770
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
COP H2 · Petoskey, MIPetoskey. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.