Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4281 Pickeral Lk Rd Petoskey, MI 49770

    Sponsored
    For Sale
    $568,000

    55 Acres, Mixed-Use Potential, Lakefront

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 55.42-acre property, located at 4281 Pickeral Lake Rd in Petoskey, Michigan (zip code 49770), presents a unique investment opportunity. The land comprises three combined parcels (APN: 24-01-16-26-400-004, 003, 300-030), offering significant development potential or the possibility of single-use. Situated on the northeast side of Petoskey, this expansive lot boasts over 1500 feet of frontage on Pickeral Lake Road, providing excellent visibility and accessibility. Currently zoned for both Residential and Farm/Forest use, this versatile property allows for a wide range of development options. The asking price is $568,000. The property is privately owned and offers a significant opportunity for those seeking a substantial land holding with diverse potential uses in a desirable location. The absence of existing structures allows for complete design flexibility, making it ideal for a variety of projects. The substantial acreage and prime location make this a rare find in the Petoskey area. This is a chance to acquire a significant parcel of land with exceptional lakefront access and development potential.

    Property Features for 4281 Pickeral Lk Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,414,095 SF

    HighLights

    • 55.42‑acre parcel in Petoskey, MI (49770) with significant development potential.
    • Three combined parcels (APN: 24‑01‑16‑26‑400‑004, 003, 300‑030).
    • Over 1500 feet of frontage on Pickeral Lake Road.
    • Residential and Farm/Forest zoning.
    • Asking price: $568,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.8817339
    Latitude
    45.391921

    Nearby Similar for Sale

    • $1,850,000
      7,958 SF

      Prime Petoskey Retail and Office

      Commercial building in Petoskey's Gaslight District with high visibility.
      321 Lake St E, Petoskey, MI 49770
      View Details
    • $1,997,000
      10,580 SF

      Versatile Commercial Property Near Hospital

      Commercially zoned property with multiple rental opportunities near downtown.
      525 W Mitchell St, Petoskey, MI 49770
      View Details
    • New
      $120,000
      2,150 SF

      Established Restaurant in Petoskey, MI

      Well-established restaurant with growth potential in Petoskey/Bay Harbor, Michigan.
      3890 Charlevoix Ave, Petoskey, MI 49770
      View Details
    • $5,199,000
      29,086 SF

      Class A Office Building

      Professional/Medical office building with bay views and ample parking.
      4048 Cedar Bluff Dr, Petoskey, MI 49770
      View Details
    • $350,000
      1,816 SF

      Petoskey Duplex: Income Potential

      Centrally located Petoskey duplex with income potential near downtown.
      513 Liberty St, Petoskey, MI 49770
      View Details
    • $927,000
      3,256 SF

      Versatile Commercial Property on US 31

      Commercial property with open building, office, and parking lot.
      2356 N Us 31, Petoskey, MI 49770
      View Details
    • $465,000
      2,700 SF

      Versatile Commercial Building in Petoskey

      Well-maintained commercial building with updated office and spacious workshop.
      2489 N Us 31, Petoskey, MI 49770
      View Details
    • $2,076,923
      6,895 SF

      Advance Auto Parts Investment Opportunity

      Advance Auto Parts property in Petoskey, MI with corporate guarantee.
      730 Charlevoix Ave, Petoskey, MI 49770
      View Details
    • Contact for pricing

      Petoskey Town Center Retail Space

      Retail spaces available in the heart of Petoskey, Michigan.
      1305 Spring St, Petoskey, MI 49770
      View Details
    • $449,900
      3,800 SF

      Commercial Building in Petoskey, MI

      Commercial building with dining hall, kitchen, and parking.
      403 Madison St, Petoskey, MI 49770
      View Details
    • Contact for pricing
      1,136 SF

      Petoskey Office Space - 1136 sq ft

      Prime Petoskey office, 1136 square feet. Excellent location.
      560 Mitchell St, Petoskey, MI 49770
      View Details
    • $1,250,000
      3,200 SF

      Petoskey Industrial Building - Prime Location

      High-traffic corner lot, 3,200 sq ft, heated garage.
      2245 Charlevoix Ave, Petoskey, MI 49770
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 55 Acres, Mixed-Use Potential, Lakefront
    Where is this mixed-use property located?
    The property is located at 4281 Pickeral Lk Rd Petoskey, MI.
    What is the asking price?
    The asking price for this property is $568,000.
    What are key features of this property?
    This property features: 55.42-acre parcel in Petoskey, MI (49770) with significant development potential.; Three combined parcels (APN: 24-01-16-26-400-004, 003, 300-030).; Over 1500 feet of frontage on Pickeral Lake Road.
    Request Owner's contact information
    4281 Pickeral Lk Rd Petoskey, MI 49770
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4281 Pickeral Lk Rd
    Petoskey, MI 49770
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4281 Pickeral Lk Rd Petoskey, MI 49770
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.