105 W Mitchell St, Petoskey, MI 49770
9,880 Sq Ft Plaza in Petoskey, Michigan for sale.
- Added:
- Mar 9, 2026
- Days on Market:
- 120
- Last Refresh:
- Jul 2 at 5:38 am
Property Features for 105 W Mitchell St
General Information
- Standard status
- Active
- Size
- 9,880 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing office Marcus & Millichap - Detroit
Listing date Mar 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Detroit
HighLights
- 8.14% CAP Rate
- Rare Petoskey MI Plaza
- 9,880 Sq Ft
- Built in 1989
Overview
Local Financial Insights For Retail
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 | $152.9k | $15.48 |
| − Vacancy | −$6.4k | −$0.65 |
| EGI | $146.5k | $14.83 |
| − OpEx | −$44.0k | −$4.45 |
| NOI | $102.6k | $10.38 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Bay Mall — 910 Spring St, Petoskey, MI 49770
Location Insight
- Map
- Local Demand
- City
- Petoskey
- County
- Emmet
- State
- Michigan
- Longitude
- -84.958013
- Latitude
- 45.374035
