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    FOR SALE
    Commercial real estate

    403 Madison St, Petoskey, MI 49770

    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
    2009
    Zoning & alternative use
    COP RM-2 · Petoskey, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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