Office-Flex and Workshop
For Sale
$475,000
4768 US-131, Petoskey, MI 49770
Well-maintained office and flex/workshop building with overhead loading access, 14 dedicated parking spaces, and an on-site apartment.
Property Size7,200 SF
Price / SF$65.97
Days on Market50
Property Features for 4768 US-131
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
14
Property subtype
Office
Zoning
EC B-1
Units
Multifamily Units
1
Office Units
11
Additional Details
Drive-In Doors
1
Building Details
Building Size
7,200 SF
Stories
2
Listing Agency:
Graham Real Estate
(231) 526-6251
Listed By:
Nate Graham
(231) 526-6251
Source:
Cpix.resimplifi
Added: Jul 6
Changed: Aug 16
Last Checked: Aug 23 at 2:29AM
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 Graham Real Estate
Investment Insights
Based on property information with market context.
This sale offering includes approximately 7,200 square feet of well-maintained office and flex/workshop space arranged across a main level and an upper level. The main level features a reception area, four private offices, a spacious manufacturing or workshop area, and a shipping and receiving room with an overhead garage door for loading and deliveries. Additional improvements on the main level include restrooms for men and women and an employee break room. The upper level provides seven private offices, a large conference room, and two storage rooms.
A standout feature is a private one-bedroom, one-bath apartment with its own separate entrance and an elevated deck. The property includes ample on-site parking with 14 dedicated spaces.
Recent capital improvements include a new rubber membrane roof, many replacement windows, and a new furnace. The building is described as conveniently located just south of Petoskey between Petoskey and Walloon Lake on US-131. The configuration is designed to support a mix of professional office use along with light industrial, manufacturing, distribution, or service-based operations.
A standout feature is a private one-bedroom, one-bath apartment with its own separate entrance and an elevated deck. The property includes ample on-site parking with 14 dedicated spaces.
Recent capital improvements include a new rubber membrane roof, many replacement windows, and a new furnace. The building is described as conveniently located just south of Petoskey between Petoskey and Walloon Lake on US-131. The configuration is designed to support a mix of professional office use along with light industrial, manufacturing, distribution, or service-based operations.
Key Highlights
- Approximately 7,200 SF office and flex/workshop building south of Petoskey between Petoskey and Walloon Lake.
- Main level includes reception, 4 private offices, manufacturing/workshop area, shipping/receiving room, and an overhead garage door.
- Upper level features 7 private offices, a large conference room, and 2 storage rooms.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
11
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained office and flex/workshop building with overhead loading access, 14 dedicated parking spaces, and an on-site apartment.
Where is this flex space located?
The property is located at 4768 US-131 Petoskey, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 7,200 SF office and flex/workshop building south of Petoskey between Petoskey and Walloon Lake.; Main level includes reception, 4 private offices, manufacturing/workshop area, shipping/receiving room, and an overhead garage door.; Upper level features 7 private offices, a large conference room, and 2 storage rooms.
