575 Mitchell St Petoskey, MI 49770-2252
This exceptional 2,000-square-foot retail property at 575 W Mitchell St in Petoskey, Michigan, presents a unique investment opportunity. Situated on a 0.27-acre lot in Emmet County, this single-tenant building boasts unparalleled visibility due to its location near the intersection of US-31 and US-131. The property benefits from its proximity to McLaren Hospital and a newly redeveloped shopping center anchored by Panera Bread, ensuring high foot traffic and brand exposure. Previously used as an auto repair shop, the building offers a blank canvas for a new tenant to customize the space to their specific needs. While currently utilized for overflow parking by a neighboring urgent care facility, dedicated parking for tenants and customers is negotiable. This prime location offers a rare chance to establish a thriving business in a high-demand area. The property is classified as both retail and land, offering flexibility for various commercial uses. The address is 575 W Mitchell St, Petoskey, MI 49770.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COP B-3 · Petoskey, MIPetoskey. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.