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    1727 Anderson Rd Petoskey, MI 49770

    For Sale
    $2,000,000

    4.35-acre land parcel in high-traffic location, ready for redevelopment.

    Lot size:
    4.35 Acres

    Property Features for 1727 Anderson Rd

    General Information

    Lot size
    4.35 Acres

    Source: Premier Realty Service LLC Agent Vincent Jarbo

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

    Overview

    Prime Redevelopment Opportunity in Petoskey

    This 4.35-acre parcel, located at 1727 Anderson Rd. in Petoskey, MI 49770, presents a prime redevelopment opportunity with significant exposure. The property benefits from high traffic, with 17,331 vehicles passing by daily. Featuring 420 feet of road frontage, the expansive land offers versatile development possibilities under its R-2 zoning. The existing structure has been largely demolished, preparing the site for new construction. A spacious parking lot provides ample room for expansion, accommodating additional parking or a larger building footprint. Situated within the Platinum Rectangle, also known as The Field of Dreams, this high-traffic location is well-positioned for success.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.969949
    Latitude
    45.3525756

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    FAQs

    What type of property is this?
    Commercial land - 4.35-acre land parcel in high-traffic location, ready for redevelopment.
    Where is this commercial land located?
    The property is located at 1727 Anderson Rd Petoskey, MI.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - High-traffic location with 17,331 vehicles passing daily.; - **4.35-acre parcel in the Platinum Rectangle (Field of Dreams).**; - 420 feet of road frontage.
    (248) 255-2475
    Request Owner's contact information
    1727 Anderson Rd 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
    1727 Anderson Rd Petoskey, MI 49770
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