2245 Charlevoix Ave Petoskey, MI 49770
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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