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1211 N Us Highway 31 4,994 SF 100% Leased Retail Building Petoskey, MI 49770 $750,000 ($150.18/SF)
INVESTMENT HIGHLIGHTS
- 400 feet of frontage along US-31, with 2 points of access.
- Shadow anchored by D&W Fresh Market (cross access in place)
- Over 45,000 cars pass the US-31 and M-119 intersection
- Many national QSR users on the corridor such as McDonald’s, Taco Bell, KFC, Culver’s, and Little Caesars
EXECUTIVE SUMMARY
Excellent redevelopment opportunity located along the US-31 corridor in between Petoskey and Harbor Springs
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bank
Building Size
4,994 SF
Building Class
C
Year Built
1950
Price
$750,000
Price Per SF
$150.18
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.92 AC
Zoning
EC B-2
Frontage
400’ on U.S. 31
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,500-2,500 SF
- Retail
- Outparcel
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500-2,500 SF | Retail | Outparcel | 30 Days |
1st Floor
| Size |
| 1,500-2,500 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-16-33-200-004 | Improvements Assessment | $0 |
| Land Assessment | $234,400 | Total Assessment | $234,400 |
PROPERTY TAXES
Parcel Number
01-16-33-200-004
Land Assessment
$234,400
Improvements Assessment
$0
Total Assessment
$234,400
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1211 N Us Highway 31
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