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EXECUTIVE SUMMARY
This strategically located 7,243 SF office building offers a unique opportunity for investors seeking a solid, income-generating asset in a thriving destination community with strong year-round population and tourism driven demand. Currently 100% leased to a reputable, high-quality tenant, this property ensures stable cash flow with nationally recognized backing.
Located in the beautiful Petoskey Michigan area, this property sits on 2.48 acres of land with direct access on US 31 between Petoskey and Charlevoix just outside the CBD of Petoskey. The property’s prominent signage and excellent street visibility ensure strong local recognition, while its convenient access to major routes and
surrounding residential communities supports a consistent client base.
The property has a single tenant 7,243 SF dental office building that offers the convenience of location on a high-visibility road. The office has high-quality finishes, reception area, open office area, private offices, break area and conference rooms.
Located in the beautiful Petoskey Michigan area, this property sits on 2.48 acres of land with direct access on US 31 between Petoskey and Charlevoix just outside the CBD of Petoskey. The property’s prominent signage and excellent street visibility ensure strong local recognition, while its convenient access to major routes and
surrounding residential communities supports a consistent client base.
The property has a single tenant 7,243 SF dental office building that offers the convenience of location on a high-visibility road. The office has high-quality finishes, reception area, open office area, private offices, break area and conference rooms.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
7,243 SF
Building Class
B
Year Built/Renovated
2000/2018
Price
$1,875,000
Price Per SF
$258.87
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,243 SF
Building FAR
0.04
Lot Size
4.26 AC
Zoning
RT PUD-2
Parking
34 Spaces (4.69 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 13-18-02-400-028 | Improvements Assessment | $725,300 |
| Land Assessment | $0 | Total Assessment | $725,300 |
PROPERTY TAXES
Parcel Number
13-18-02-400-028
Land Assessment
$0
Improvements Assessment
$725,300
Total Assessment
$725,300
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