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Elevator-Served Office Suite
New
For Lease
$625/Mo CAM $110 /USD/MO

616 Petoskey Street #202, Petoskey, MI 49770

Private parking is available for tenants and clients, with bathrooms on every floor.

Space SizeContact for details
Property Size290 SF
Days on Market4

Property Features for 616 Petoskey Street #202

General Information

Standard status Active
Size 290 SF
Elevators Yes
Zoning B-2B

Space & Availability

Floor Top Level
Space Use Office

Additional Details

CAM $110 /MO

Amenities

private parking
bathrooms on each floor

Building Details

Building Size 290 SF
Listing Agency: Van Treese Management LLC
Listed By: Jazmin Harris
Source: Jackvantreese
Added: Oct 22 Changed: Oct 24 Last Checked: Oct 24 at 3:18PM

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 Van Treese Management LLC

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Investment Insights

Based on property information with market context.

The office suite is on the uppermost level of the Zipp Building at 616 Petoskey Street in Petoskey, Michigan. An elevator serves the building, and bathrooms are provided on each floor. The tenant is responsible for 4% of the utilities.

Key Highlights

  • Office suite on the top level of the Zipp Building
  • Private parking for tenants and clients
  • Elevator access and bathrooms on every floor

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick HVAC Service Daycare Center Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store Computer & Electronic Repair

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
$3.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,162
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Petoskey, MI

$13.36 /SF/Yr
Avg Asking Price
$2.38–$25.86 /SF/Yr
Price Range
1,211 SF
Avg Space Size

This space is priced 94% above the average of $13.36 /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

Frequently Asked Questions

What type of property is this?
Office unit - Private parking is available for tenants and clients, with bathrooms on every floor.
Where is this office unit located?
The property is located at 616 Petoskey Street #202 Petoskey, MI.
What is the lease rate?
The lease rate is $625/Mo.
What are key features of this property?
This property features: Office suite on the top level of the Zipp Building; Private parking for tenants and clients; Elevator access and bathrooms on every floor
More about this property
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