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Property profile & analytics
OFF-MARKET
Commercial land

1111 Charlevoix Ave Petoskey, MI 49770-9701

0.18 ac lot
Individually Owned ~ Est. High Equity
Property ID
US43-3860922
Property summary
AI-generated overview

This exceptional 1,700 square foot commercial space is located at 1111 Charlevoix in the thriving city of Petoskey, Michigan. Situated on a 0.18-acre lot, this nearly brand-new industrial property boasts a highly visible location within a high-traffic area, ensuring maximum exposure for your business. The open-concept layout provides incredible flexibility, making it suitable for a diverse range of uses, including retail, boutique shops, offices, or specialty service businesses. Large display windows flood the interior with abundant natural light, creating an inviting atmosphere for customers. The excellent street frontage offers unparalleled visibility to passing traffic. Benefit from Petoskey's robust tourism industry, which attracts visitors throughout the year, drawn to the area's shopping, dining, and recreational opportunities. This turn-key property is ready for immediate occupancy and can be customized to perfectly meet your specific business requirements. The asking price is $949,000. This is a rare opportunity to establish your business in a prime Petoskey location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.18 ac (7,841 SF)
Zoning code COP B-3B
APN 52-18-01-400-002
UPID US43-3860922
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Toribio Torres
Toribio Torres
since 2025
Last sale
$200,000
5 recorded transactions
2025
$480,000
2025
Price N/A
2024
$7,594
2024
$7,594
2021
$200,000
Zoning & alternative use
COP B-3B · Petoskey, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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