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    2206 Mitchell Park Dr Petoskey, MI 49770

    Sponsored
    For Sale
    $245,000

    Versatile Commercial Property, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 2206 Mitchell Park Drive in Petoskey, Michigan, 49770, is offered at $245,000. The property is a special purpose land parcel ideally suited for a variety of commercial uses. The existing structure features a welcoming waiting room, three restrooms, and a convenient break room. Four offices or patient rooms are equipped with water and sinks, providing ample space for staff and clients. Additional storage space ensures efficient organization. The property boasts easy and ample parking, a significant advantage for both employees and customers. Its location just outside of downtown Petoskey offers excellent visibility and accessibility, placing it in a highly sought-after commercial area. Directions: From E Mitchell Rd, turn onto Division Rd, then east onto Mitchell Park Drive. The property is on the right. This property presents a unique opportunity for businesses seeking a well-appointed space in a prime location to establish or expand their operations. The combination of functional interior space, convenient amenities, and desirable location makes this an exceptional investment opportunity.

    Property Features for 2206 Mitchell Park Dr

    General Information

    Property type
    Land

    HighLights

    • $245,000 asking price for a special‑purpose commercial land parcel at 2206 Mitchell Park Drive, Petoskey, MI 49770.
    • Existing building includes a waiting room, three restrooms, and a break room.
    • Four offices/patient rooms with built‑in sinks and water access.
    • Ample storage space available.
    • Features convenient and abundant parking.
    • Excellent visibility and accessibility in a highly desirable Petoskey commercial area, just outside of downtown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.9241709
    Latitude
    45.3746465

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    FAQs

    What type of property is this?
    Land - Versatile Commercial Property, Excellent Location
    Where is this land located?
    The property is located at 2206 Mitchell Park Dr Petoskey, MI.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: $245,000 asking price for a special-purpose commercial land parcel at 2206 Mitchell Park Drive, Petoskey, MI 49770.; Existing building includes a waiting room, three restrooms, and a break room.; Four offices/patient rooms with built-in sinks and water access.
    Request Owner's contact information
    2206 Mitchell Park Dr Petoskey, MI 49770
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    Petoskey, MI 49770
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2206 Mitchell Park Dr Petoskey, MI 49770
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