Open-Plan Retail
For Sale
Contact for pricing
2160 Anderson Unit 200, Petoskey, MI 49770
Retail or office suite with extensive glazing, natural light, and a flexible interior ready for build-out.
Property Size1,500 SF
Price / SF$0.01
Days on Market661
Property Features for 2160 Anderson Unit 200
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial/Industrial
Building Details
Building Size
1,500 SF
Listing Agency:
Berkshire Hathaway HomeServices Real Estate
Listed By:
Austen Lobenherz
(231) 675-4474
Source:
Patobrien
Added: Jan 15, 2025
Changed: Nov 2
Last Checked: Nov 4 at 10:21PM
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 Berkshire Hathaway HomeServices Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot suite at 2160 Anderson Unit 200 in Petoskey offers a flexible retail or office layout. The interior is arranged as an open floor plan with substantial window exposure, creating a naturally bright setting. Delivered in shell condition as a white-box unit, the space allows the interior finish to be configured for the occupant’s needs.
The property is adjacent to Walmart, Belle Tire, El Ranchero, Lowe’s, and Aldi’s, placing the suite among established retail operators in Petoskey. Its retail-oriented configuration and adaptable interior support a range of storefront or office applications.
The property is adjacent to Walmart, Belle Tire, El Ranchero, Lowe’s, and Aldi’s, placing the suite among established retail operators in Petoskey. Its retail-oriented configuration and adaptable interior support a range of storefront or office applications.
Key Highlights
- 1,500 SF retail or office suite at 2160 Anderson Unit 200
- Open floor plan with substantial window exposure
- Shell‑condition delivery as a white‑box unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,571
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,420
$311.4K
Cap Rate 7%
$222,443
$222.4K
Cap Rate 9%
$173,011
$173.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$23.2K $15.48/SF
− Vacancy
−$975 −$0.65/SF
EGI
$22.2K $14.83/SF
− OpEx
−$6.7K −$4.45/SF
NOI
$15.6K $10.38/SF
Area
Emmet County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,420
Cap Rate 7%
$222,443
Cap Rate 9%
$173,011
Alternative Uses
Best Use
Office B
$256.6K
$224.5K – $299.3K
NOI $17,960 @ 7.0% cap · market cap 112,250.00%
Second Best
Retail
$222.4K
$194.6K – $259.5K
NOI $15,571 @ 7.0% cap · market cap 97,318.75%
Theoretical Best
Warehouse
$339.5K
$297.0K – $396.0K
NOI $23,762 @ 7.0% cap · market cap 148,512.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 49770, MI
17,643
Population
10,244
Households
1.7
Avg Household Size
44
Median Age
47%
College-Educated
97%
High-School Grad
109.4 sq mi
ZIP Area
161
Density / Sq Mi
$80,431
Median Household Income
$42,154
Median Earnings
$1,077
Median Rent
$309,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail or office suite with extensive glazing, natural light, and a flexible interior ready for build-out.
Where is this retail space located?
The property is located at 2160 Anderson Unit 200 Petoskey, MI.
What are key features of this property?
This property features: 1,500 SF retail or office suite at 2160 Anderson Unit 200; Open floor plan with substantial window exposure; Shell‑condition delivery as a white‑box unit
