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Property profile

2245 Charlevoix Ave Petoskey, MI 49770

OFF-MARKET
Industrial properties
3,200 SF 2 ac lot
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Property summary

AI-generated overview

This exceptional 3,200 square foot industrial building presents a unique investment opportunity in the thriving city of Petoskey, Michigan. Situated on a highly desirable corner lot spanning two acres, this property boasts over 640 feet of road frontage along a heavily trafficked state highway, ensuring maximum visibility and accessibility. The building itself features a spacious three-bay heated garage, perfect for various industrial or automotive uses. Two vehicle hoists are currently installed and their inclusion in the sale is negotiable. In addition to the garage, the property includes a well-appointed showroom and office space, ideal for showcasing products or conducting business operations. A full basement lies beneath the office area, offering ample storage or additional workspace. Parking is abundant, with a large lot capable of accommodating 80 or more vehicles, accessed through two gated entrances. Recent upgrades include a new furnace and air conditioning system, ensuring year-round comfort and efficiency. This property's combination of size, location, and features makes it an exceptional opportunity for a wide range of businesses seeking a prominent presence in Petoskey. The asking price is $1,250,000.

Property profile

Verified
Property type Industrial properties
Total area 3,200 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Golf Cart Dealer

Location

2245 Charlevoix Ave Petoskey, MI 49770
Petoskey metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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