Petoskey Retail Opportunity

Expired Vacant Land for Sale
Catylist Listing ID: 30643274
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort
Gross Land Area: 4.50 Acres
Sale Price: $499,000
Unit Price: $110,888 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2020

Overview / Comments

Great redevelopment opportunity on US-31. Property is currently operated as a driving range, mini golf, and go-carts. Great US-31 frontage and industrial on back. Ideal for multi-family, industrial, retail, mixed-use. Purchase price does not include cell tower on property but seller is willing to negotiate tower with sale of property.

Additional Details

Nearest MSA: Traverse City
County: Emmet
Tax ID/APN: 011620200033
Zoning: B2
Property Visibility: Excellent
Largest Nearby Street: US-31 and Pickerel Lake Dr
Topography: Gently Sloping
Easements: Electric Lines

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,042 17,961
Median Age: 42.56 41.36
Households: 1,778 7,547

Contact

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