418-422 E Mitchell St - Storefront Retail/Office CONDO FOR SALE


Petoskey, MI 49770
$725,000 USD
231-409-8060
418-422 E Mitchell St, Petoskey, MI for Sale
$725,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/21
null | Request Cap Rate

418-422 E Mitchell St
Petoskey, MI 49770


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

20,000 SF

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,700 SF

ZONING

COP B-2

APN/PARCEL ID

52-19-05-100-004

ASK ABOUT THIS PROPERTY

Jane FisherGaslight Group PropertiesMore Info
231-409-8060

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Jane FisherGaslight Group PropertiesMore Info
231-409-8060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.