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    3890 Charlevoix Rd Petoskey, MI 49720

    Sponsored
    For Lease
    $18 SF/Yr

    Class A Office Suites, 500-2000 sqft

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A commercial property, located at 3890 Charlevoix Road in Petoskey, Michigan, 49720, offers a diverse range of executive office and storefront spaces. The building, constructed in 2000 and extensively renovated in 2018, boasts a total of 40,000 square feet across three stories. Currently, 6,357 square feet of space is available, divisible into units ranging from a minimum of 500 square feet to a maximum contiguous space of 2,000 square feet. The building features twenty individual suites, a 10% load factor, and a convenient passenger elevator. Ten-foot ceilings add to the spacious feel. The property benefits from its strategic location on US31, adjacent to the main entrance of Bay Harbor, ensuring high visibility and accessibility. Ample free on-site parking is provided for tenants and visitors. Professional management and an on-site manager, available Monday through Friday, ensure smooth operations and tenant satisfaction. High-end finishes throughout the building contribute to a sophisticated and professional environment. This is an ideal opportunity for businesses seeking a prestigious and well-maintained office or retail space in a prime location.

    Property Features for 3890 Charlevoix Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Class
    A
    Total Rate
    60000

    Building Details

    Year Built/Renovated
    2000/2018
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    185
    Size
    660 SF
    Rate per SF
    $18
    Space
    186
    Size
    200 SF
    Rate per SF
    $24
    Space
    275
    Size
    580 SF
    Rate per SF
    $20
    Space
    190
    Size
    1,150 SF
    Rate per SF
    $18
    Space
    110
    Size
    1,650 SF
    Rate per SF
    $18

    HighLights

    • Brand New Construction
    • Heated Sidewalks for Winter Comfort
    • On‑site Management Team
    • Ample Free Parking
    • Stunning Bay Harbor Views
    • On‑site Restaurant
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -85.0201578
    Latitude
    45.3628887

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    FAQs

    What type of property is this?
    Individual retail property - Class A Office Suites, 500-2000 sqft
    Where is this individual retail property located?
    The property is located at 3890 Charlevoix Rd Petoskey, MI.
    What is the lease rate?
    The lease rate is $18-$24 SF/Yr.
    What are key features of this property?
    This property features: Brand New Construction; Heated Sidewalks for Winter Comfort; On-site Management Team
    Request Owner's contact information
    3890 Charlevoix Rd Petoskey, MI 49720
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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
    3890 Charlevoix Rd Petoskey, MI 49720
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