422 E Mitchell, Petoskey MI, 49770

Active

422 E Mitchell

Petoskey MI, 49770

$725,000

$318.12 per sqft

Active

2,279 sqft

Commercial

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!

475157

MLSⓇ ID

October 14, 2024

Listed

February 20, 2025

Updated

Interior Features

Total Stories: 1
Appliances: Gas Water Heater
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Natural Gas

Exterior/Building Features

Sewer: Public Sewer

School Information

School District: Petoskey

Other Property Details

Area Name: Petoskey City
Days on Market: 11
Garage: No
View: No
County: Emmet
Municipality: Petoskey City
Water Source: Public
Zoning: commercial

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

Based on information from Northern Michigan MLS. Data last updated 2/20/2025. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Lobenherz Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.