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Property profile & analytics
OFF-MARKET
Industrial properties

2245 Charlevoix Ave Petoskey, MI 49770

3,200 SF 2 ac lot
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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