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Property profile & analytics
OFF-MARKET
Commercial real estate

575 Mitchell St Petoskey, MI 49770-2252

2,088 SF 0.27 ac lot
Entity Owned ~ Est. High Equity
Property ID
US43-4043611
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,088 SF
Lot 0.27 ac (11,761 SF)
Zoning code COP B-3
APN 52-19-06-100-037
UPID US43-4043611
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
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Comparable Approach Comparable
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Owner & transaction history
575 West Mitchell Holdings LLC
575 West Mitchell Holdings LLC
since 2026
5 recorded transactions
2026
Price N/A
2026
Price N/A
2024
Price N/A
2022
Price N/A
2021
$425,000
Zoning & alternative use
COP B-3 · Petoskey, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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