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Ground-Level Medical Office Suite
For Lease
$18 SF/Yr

560 W Mitchell Street # 208, Petoskey, MI 49770

Ground-level suite with two private offices, reception area, and kitchenette, plus shared restrooms outside the suite.

Days on Market131

Property Features for 560 W Mitchell Street # 208

General Information

Standard status Active
Property subtype Office

Space & Availability

Floor Ground Floor
Space Use Medical Office
Private Offices 3

Additional Details

Utilities to Site Yes

Amenities

kitchenette
shared restroom facilities

Building Details

Building Size 518 SF
Year Built 1954
Tenancy Multi
Listing Agency: Three West, LLC
Listed By: David Coonrod · License #6501426180
Source: Patobrien
Added: Mar 26 Changed: Jul 30 Last Checked: Aug 2 at 12:07PM

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.

Ground-level medical or professional office suite located at the Burns Professional Center. Suite layout includes two private offices and a reception office, along with a kitchenette. Shared restroom facilities are outside the suite.

The building is set up to support a range of specialties, including audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, pulmonary and sleep services. The tenant is responsible for in-suite electric and gas, as well as phone and internet services.

Built in 1954, the suite is well suited for practices that need an internal office flow for patient visits and a designated reception area.

Key Highlights

  • Ground‑level medical/professional suite at the Burns Professional Center
  • Two private offices plus reception office
  • Kitchenette in the suite

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

Multi-tenant
Tenancy
Yes
Utilities to site
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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Ground-level suite with two private offices, reception area, and kitchenette, plus shared restrooms outside the suite.
Where is this medical office space located?
The property is located at 560 W Mitchell Street # 208 Petoskey, MI.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Ground‑level medical/professional suite at the Burns Professional Center; Two private offices plus reception office; Kitchenette in the suite
More about this property
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