403 Madison StPetoskey, MI 49770

Property Details for 403 Madison St

Lot size

0.35 AC

Zone code

COP RM-2

Property type

Other commercial real estate

APN

52-19-06-127-068

APU

521906127068

Description

This exceptional commercial property, located at 403 Madison in Petoskey, Michigan, presents a unique investment opportunity. Boasting over 3,900 square feet of finished space on a 0.32-acre lot, this building is zoned RM-2, allowing for a wide range of commercial uses. Currently configured as a church, the property features a spacious dining hall complete with a full kitchen, making it ideal for food service businesses or similar ventures. Three bathrooms are conveniently located throughout the building. The lower level offers ample office and classroom space, providing flexibility for various business needs. Its prime location, just one block from US 31, ensures excellent visibility and accessibility. Ample parking is available on-site, supplemented by convenient street parking. The property's versatile layout and desirable location make it an attractive prospect for entrepreneurs and investors seeking a substantial commercial space with significant potential for adaptation and growth. The asking price is $399,900. This is a rare opportunity to acquire a well-situated, sizable commercial building in the thriving city of Petoskey.

• Alternative Use

  Use

  Valuation

  Residential

  $3,187,266

  Hospitality

  $2,919,518

  Educational

  $2,429,005

  Medical

  $2,512,542

  Retail

  $3,778,452

Location Insight

City

Petoskey

County

Emmet

State

Michigan

Latitude

45.3732

Longitude

-84.966

Property Tax & Assessments

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