560 Mitchell StPetoskey, MI 49770

  • Commercial land
  • 3.25 AC
For Lease
$17.30/SF/YR View listing

Property Details for 560 Mitchell St

Lot size
3.25 AC
Zone code
COP H2
Property type
Commercial land
APN
52-19-06-100-056
APU
521906100056

Description

This 1,136 square foot medical office suite is located on the third floor of a larger medical building at 560 W Mitchell St, Petoskey, MI 49770. The building, constructed in 1954 and renovated in 1992, offers a total of 122,000 square feet on a 4.69-acre lot (APN: 52-19-06-199-001). The suite includes a restroom, waiting room/reception area, storage closet, and a large office. It's ideally suited for various medical specialties, including but not limited to chiropractic, pediatrics, dermatology, plastics, dental, physical therapy, and counseling. The building houses a diverse range of medical services, such as audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, pulmonary, and a sleep center. Utilities such as electricity, gas, phone, and internet are the responsibility of the tenant. A virtual tour is available online. This multi-tenant building presents a prime opportunity for medical professionals seeking established medical office space in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $29,596,040
    Hospitality
    $27,109,814
    Educational
    $22,555,046
    Medical
    $23,330,750
    Retail
    $35,085,628

Location Insight

City
Petoskey
County
Emmet
State
Michigan
Latitude
45.3721
Longitude
-84.9715

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$845,100
-
$845,100
-
$1,690,200
-
$1,690,200

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