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Property profile & analytics
OFF-MARKET
Commercial real estate

403 Madison St Petoskey, MI 49770-2256

0.35 ac lot
Individually Owned Free & Clear
Property ID
US43-3869585
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.35 ac (15,246 SF)
Zoning code COP RM-2
APN 52-19-06-127-068
UPID US43-3869585
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
Little Roots Child Care
Little Roots Child Care
since 2026
Last sale
$400,235
4 recorded transactions
2026
$400,235
2025
$399,900
2012
Price N/A
2009
Price N/A
Zoning & alternative use
COP RM-2 · Petoskey, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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