Property Details

422 E Mitchell, Petoskey

Listing Details

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!

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422 E Mitchell
Petoskey MI, 49770

$725,000

  • Square Ft 2,279
  • School District Petoskey
  • County Emmet
  • Water View No
  • Waterfront No
  • Type Commercial/ Industrial
  • Subtype Commercial Building
  • Zoning commercial
  • Current Business Office Suite
  • Water City
  • window Thermo
  • water heater Natural Gas
  • sewer City
  • utilities Electricity
  • stories One
  • heat Natural Gas
  • Features Off-Street Parking, Air-Conditioning, Common Area, Ample Parking
  • Construction Block
  • Listing Courtesy of Gaslight Group Properties

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