$700,000

422 E Mitchell Unit: 3, Petoskey MI, 49770

Price per sqft$307.15

Property size2,279 sqft

Property typeCommercial

Overview

Sold

Listed Aug 9, 2026

Updated 6 days ago

This beautifully designed office space is currently occupied by a Fortune 500 financial franchise with a solid lease in place. This purchase is right for an investor looking for a solid cap rate return on a monthly basis. This ensures a stable income stream with an inherent peace of mind due to the monthly direct deposit income stream. The building also offers elevator service as well as a front and back stairway entrance. Nestled in a bustling area, this property offers excellent visibility and accessibility, making it an attractive option for businesses and clients alike. With a solid tenant and a thriving local economy, 422 E. Mitchell stands out as a strategic investment for those looking to expand their portfolio with a secure and profitable asset. As well as the fact that this building and all the units are in excellent condition, not always an easy thing to find!

Listed by Jane T Fisher with Gaslight Group Properties
Listing Contact: Main: 231-347-7300

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