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    403 Madison St Petoskey, MI 49770

    For Sale
    $449,900

    Commercial building with dining hall, kitchen, and parking.

    Property size:
    3,800 SF
    Lot size:
    0.35 Acres

    Property Features for 403 Madison St

    General Information

    Size
    3,800 SF
    Lot size
    0.35 Acres

    Source: Coldwell Banker Commercial Schmidt, Realtors Agent Mark Knapp

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

    Overview

    Commercial Building in Petoskey, MI

    This commercial building, zoned RM-2, offers over 3800 square feet of finished area. Currently used as a church, the property includes a dining hall with a full kitchen, three bathrooms, and office and classroom space in the lower level. The property features a parking lot and available street parking. Located one block from US 31 in Petoskey, Michigan, this building presents endless possibilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.9659548
    Latitude
    45.3732536

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    FAQs

    What type of property is this?
    Church & religious facility - Commercial building with dining hall, kitchen, and parking.
    Where is this church & religious facility located?
    The property is located at 403 Madison St Petoskey, MI.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: - Commercial Zoning (RM-2) offers endless possibilities.; - Large finished area of over 3800 sq ft provides ample space.; - Includes a full kitchen and dining hall, suitable for food service or events.
    (231) 547-4444
    Request Owner's contact information
    403 Madison 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
    403 Madison St Petoskey, MI 49770
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