300 E Mitchell
Petoskey, MI 49770
$1,950,000
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Prime location in downtown Petoskey for this great investment property. Fifth Third bank is doing a sale-leaseback and will lease back 6,489 SF on the main floor of this 2 story downtown building. This will leave 3,503 SF on the main level with separate entrance for a buyer to start their own business, or lease out the additional space. Perfect for retail, restaurant or office. There is 5,679 rentable square feet of office space on the second floor available as well. The 9,407 SF basement was built out with offices, but is currently used as storage. High ceilings, prime location and the income from the bank lease make this a great investment opportunity!

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Property Details
Status: Contingency
Listing Date 08/21/2017
County: Emmet
Acreage: 0.5
Lot Dimensions: 150' x 145'
Price/SqFt: $124
Zoning: Commercial, Office, Restaurant/Food, Retail
Current Use: Restaurant/Food Service,Medical/Dental,Office Building,Retail Store
Water: Municipal Water
Features: Elevator, Security System
Sub Property Type: Mixed Use
Possession: At Closing,Subj
Total Finished SqFt: 15,671
Year Built: 1969
Parking: Parking Lot, Street Parking
Exterior Features: Brick, Stucco/Drivit
Cooling: Central Air, Forced Air, Natural Gas
Heating: Central Air, Forced Air, Natural Gas
 
Listing Office: Coldwell Banker Schmidt-522
Office Address: 522 E Front St
Listing Number: 1837359
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