Property profile

2206 Mitchell Park Dr Petoskey, MI 49770

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional commercial property, located at 2206 Mitchell Park Drive in Petoskey, Michigan, 49770, is offered at $245,000. The property is a special purpose land parcel ideally suited for a variety of commercial uses. The existing structure features a welcoming waiting room, three restrooms, and a convenient break room. Four offices or patient rooms are equipped with water and sinks, providing ample space for staff and clients. Additional storage space ensures efficient organization. The property boasts easy and ample parking, a significant advantage for both employees and customers. Its location just outside of downtown Petoskey offers excellent visibility and accessibility, placing it in a highly sought-after commercial area. Directions: From E Mitchell Rd, turn onto Division Rd, then east onto Mitchell Park Drive. The property is on the right. This property presents a unique opportunity for businesses seeking a well-appointed space in a prime location to establish or expand their operations. The combination of functional interior space, convenient amenities, and desirable location makes this an exceptional investment opportunity.

Property profile

Verified
Property type Specialty properties

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
  • Medical Clinic
  • Physician
  • Church
  • Physician
  • Physician

Location

2206 Mitchell Park Dr Petoskey, MI 49770
Petoskey metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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