501 W Mitchell Street, Petoskey, MI

About 501 W Mitchell Street

6,447 square foot, 4-unit commercial building for sale at 501 and 515 W Mitchell (US 31), Petoskey, MI! Smart investment opportunity with all 4 units currently under active lease agreements. This building is in high demand for businesses as it offers a great location for customer visibility and accessibility, plus beautiful peaks of Little Traverse Bay from several offices. Estimated daily traffic count of over 25,000 along this section of W Mitchell. Ample and accessible parking for all units totaling 21 parking spots. Several recent improvements including roofing on half of the building, a new A/C and furnace, and areas of fresh concrete. The first floor houses 3 units and the 4th unit is on the upper level. Unit 1, at 1,840 sq ft is the largest. It is a mostly open floor plan with 1 private office and storage room. Unit 2 is 1,660 sq ft. It was originally designed as a medical office and currently still has a reception area, 3 offices, 3 exam rooms, and a break room. Unit 3's 1,320 sq ft is a fairly open floor plan with a storage room. The 2nd story Unit 4 is 1,670 sq ft with 6 private rooms for versatile office space. Located across the street from McLaren Northern MI hospital and in close proximity to many other highly distinguished businesses. Just a half mile to the Downtown Petoskey Gaslight District.

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