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Medical Office Space in Petoskey
For Lease
$18 SF/Yr

560 W Mitchell St, Petoskey, MI 49770

Outpatient medical facility space in McLaren medical building.

Property Size1,559 SF
Days on Market99

Property Features for 560 W Mitchell St

General Information

Standard status Active
Size 1,559 SF
Property subtype Commercial

Building Details

Year Built 1954
Listing Agency: Three West LLC
Listed By: David Coonrod · License #6501426180
Source: Elliman
Added: Apr 27 Changed: Jul 10 Last Checked: Aug 2 at 2:35PM

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 Three West LLC

Investment Insights

Based on property information with market context.

This 1559 square foot outpatient medical facility space is located within the McLaren medical building in Petoskey. The layout includes a reception window, a large main area, and two private offices. The space is suitable for various medical practices, including chiropractic, pediatrics, dermatology, plastics, dental, physical therapy, and counseling. Current specialties within the building include audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, pulmonary, and a sleep center. The space was previously used as a pharmacy. The tenant is responsible for in-suite electric, gas, phone, and internet services. The location has a bike score of 54, indicating it is bikeable, and a walk score of 62, indicating it is somewhat walkable.

Key Highlights

  • Located in the McLaren medical building.
  • 1559 SF Outpatient Medical Facility space.
  • Suitable for various medical specialties.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Auto Parts Store Garden Center Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

745
Businesses Nearby
Balanced
Demand for This Use

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

Lease Benchmarks for Petoskey, MI

$14.71 /SF/Yr
Avg Asking Price
$2.38–$18 /SF/Yr
Price Range
1,968 SF
Avg Space Size

This space is priced 22% above the average of $14.71 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Outpatient medical facility space in McLaren medical building.
Where is this medical office space located?
The property is located at 560 W Mitchell St Petoskey, MI.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Located in the McLaren medical building.; 1559 SF Outpatient Medical Facility space.; Suitable for various medical specialties.
More about this property
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