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    1401 Spring St Petoskey, MI 49770

    For Lease
    Contact for pricing

    174,870 SF shopping center with redevelopment opportunities.

    Property size:
    56,893 SF
    Lot size:
    19.09 Acres

    Property Features for 1401 Spring St

    General Information

    Size
    56,893 SF
    Lot size
    19.09 Acres

    Source: US Properties Group Inc Agent Tim Todaro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Shopping Center for Lease

    This 174,870 square-foot shopping center is available for lease. The property benefits from high visibility and a well-established location. It is surrounded by businesses, the Odawa Casino-Resort, housing developments, and nearby hotels. Currently, over 53,000 square feet of space within the center is available for redevelopment. The location benefits from an Average Annual Daily Traffic count of 11,432.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bay Mall, Bear Creek Plaza, Bear Creek Crossings

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.970765
    Latitude
    45.362969

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    FAQs

    What type of property is this?
    Shopping center - 174,870 SF shopping center with redevelopment opportunities.
    Where is this shopping center located?
    The property is located at 1401 Spring St Petoskey, MI.
    What are key features of this property?
    This property features: - 174,870 SF GLA Shopping Center; - High visibility and well-established location; - Surrounded by businesses, Odawa Casino-Resort, housing developments, and nearby hotels
    (614) 472-2901
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    1401 Spring St 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
    1401 Spring St Petoskey, MI 49770
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