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7,958 sqft

$1,850,000

321 E Lake Street, Petoskey MI, 49770

Price per sqft$232.47
Built in1907
Property size7,958 sqft
Property typeCommercial

Overview

Active

Listed Jul 15, 2025

Updated 2 weeks ago

Prime Retail and Office Building for Sale in Petoskey's Gaslight District Secure your business's future in one of Northern Michigan's most sought-after resort communities, located along the pristine shores of Lake Michigan. This exceptional commercial building is ideally situated in the historic Gaslight District of Petoskey, a vibrant hub of boutiques, galleries, and award-winning dining. Key Features Location, Location, Location: Immerse your brand in the charm and elegance of downtown Petoskey. The Gaslight District is the premier destination for both year-round residents and a massive influx of seasonal tourists, ensuring consistent foot traffic and high visibility. High-Traffic Visibility: Benefit from a daily traffic count of 3,970 vehicles, providing your business with constant exposure to potential customers. Exclusive Parking: A rare and invaluable asset in downtown Petoskey, this property includes eight dedicated private parking spaces at the rear of the building, offering convenience for both owners and staff. Thriving Community: Petoskey is a top-tier resort destination, known for its pristine beauty, world-class amenities, and affluent clientele. Join a community of successful businesses and tap into a robust local and tourist economy. Versatile Space Options This 7,958-square-foot commercial building offers a unique opportunity for diverse use. The street-level features 3,958 square feet of retail space, currently occupied by a clothing store but can be retrofitted for two separate retail stores. The second level features a total of 4,000 square feet, consisting of five office suites and two restrooms. This versatility makes the property ideal for a variety of uses, including: Boutique Retail Art Gallery Specialty Food Shop Professional Services Don't miss this chance to establish your presence in a prime location. Contact us today for your private showing.

Also listed on Emmet Association of REALTORS®

Listed by Tom Mooradian with Berkshire Hathaway HomeServices Michigan Real Estate - HS
Listing Contact: OFFICE: 231-526-9800 

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