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Financial
Distress signals
Property profile

560 W Mitchell St Petoskey, MI 49770

FOR SALE
Commercial land
Property ID
US43-4032199
3.25 ac lot
Last sale Oct 2016
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is an outpatient medical facility suite located within the McLaren medical building. The suite includes a reception window, a large main patient/clinical area, and two private offices, supporting patient-facing and consultation workflows. The building is configured to accommodate multiple medical specialties, including audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, and pulmonary and sleep services. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$845k
Assessed land$845k

Value estimate

· Oct 2026
$330k
$297k – $363k
AI approach$330k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$436
Operating expenses−$3k
NOI · 22,788.89% cap applied$4k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$154/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$66 – $235

Cap rate analysis

How does the asset earn?
22,788.89%
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
COP H2
JurisdictionEMMET

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop13.0
HVAC Service11.5
Auto Parts Store10.9

Location

560 W Mitchell St Petoskey, MI 49770
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Petoskey, MI 49770 $730,000 Apr 2025 No data
Petoskey, MI 49770 $154,500 Feb 2025 No data
2317 Us Hwy 31, Petoskey, MI 49770-8927 $154,500 Feb 2025 No data
1111 Charlevoix, Petoskey, MI 49770-9701 $200,000 Jan 2025 No data
Petoskey, MI 49770 $125,000 Dec 2024 No data
2022 M 119, Petoskey, MI 49770-8914 $320,000 Oct 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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