Building Details

Building materials Block

Roof type Membrane

Listing Agency: Three West, LLC k***@threewest.com Show Phone

Listed By: David Coonrod · License #6501426180 Show Phone

Added: Feb 5 Changed: Sep 1 Last Checked: Oct 6 at 1:06AM

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MLS# 1942093

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,559 SF medical office suite occupies space within the McLaren medical building in Petoskey. Its layout includes a reception window, a large central area, and two private offices. The space was previously used as a pharmacy and features brick exterior construction, block structural materials, a membrane roof, and access to a parking lot.

Medical specialties represented in the building include audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, pulmonary care, and sleep services. The suite is identified for potential use by chiropractic, pediatric, dermatology, plastic surgery, dental, physical therapy, and counseling practices. The tenant is responsible for in-suite electric, gas, and phone/internet services.

Key Highlights

• 1,559 SF outpatient medical office suite
• Located within the McLaren medical building in Petoskey
• Reception window, large main area, and 2 private offices

Property Analytics

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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

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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What type of property is this? Where is this medical office space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Located in the McLaren medical building, the suite includes a reception window, central workspace, and two private offices.

Where is this medical office space located?

The property is located at 560 W Mitchell Street Petoskey, MI.

What is the lease rate?

The lease rate is $18 SF/Yr.

What are key features of this property?

This property features: 1,559 SF outpatient medical office suite; Located within the McLaren medical building in Petoskey; Reception window, large main area, and 2 private offices