List Search

422 E Mitchell
Petoskey, MI 49770

$725,000 USD

Storefront Retail Office Condo For Sale  •  2,279 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 20,000 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1895
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
86 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 3 Office 2,279 SF $725,000 USD
  • Unit Size: 2,279 SF
  • Condo Use: Office
  • Price: $725,000 USD
  • Sale Type: Investment
  • Price/SF: $318.12 USD
Sale Notes
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!
Jane Fisher 231-409-8060 Gaslight Group Properties
Jane Fisher 231-409-8060 Gaslight Group Properties