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Outpatient Medical Office Suite
For Lease
$18 SF/Yr

560 W Mitchell Street, Petoskey, MI 49770

COMMERCIAL - Petoskey, MI

Space Size1,559 SF
Lot Size4.69 Acres
Days on Market194

Property Features for 560 W Mitchell Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Office, Commercial
Parking features Parking Lot
Exterior features Brick
Lot features Inside Lot
Directions At the intersection of Charlevoix Ave. and W Mitchell St. travel north on W Mitchell and turn left onto Jackson St then first right into medical campus. Use main entrance.
Subdivision Emmet
Standard status Active
Size 1,559 SF
Lot size 4.69 Acres

Taxes and HOA fees

Tax Description lengthy see documents
Legal Description lengthy see documents

Building Details

Building materials Block
Roof type Membrane
Listing Agency: Three West, LLC
Listed By: David Coonrod · License #6501426180
Added: Feb 5 Changed: Aug 4 Last Checked: Aug 18 at 9:06PM
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-square-foot outpatient medical suite is located within the McLaren medical building in Petoskey. The layout includes a reception window, a large central area, and two private offices. The space previously operated as a pharmacy and is suited to outpatient healthcare uses identified in the listing, including chiropractic, pediatrics, dermatology, dental, physical therapy, and counseling practices.

The building includes specialties such as audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, pulmonary care, and sleep services. The property sits on 4.69 acres and features a brick exterior, block construction, a membrane roof, and a parking lot. The tenant is responsible for in-suite electric, gas, and phone/internet services.

Key Highlights

  • 1,559 SF outpatient medical suite in the McLaren medical building
  • Reception window, large main area, and 2 private offices
  • Prior pharmacy use with a layout suited to outpatient healthcare

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

$18 /SF/Yr
Avg Asking Price
$18–$18 /SF/Yr
Price Range
30,732 SF
Avg Space Size

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Reception window, an open main area, and two private offices support a range of outpatient medical functions.
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 suite in the McLaren medical building; Reception window, large main area, and 2 private offices; Prior pharmacy use with a layout suited to outpatient healthcare
More about this property
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