Petoskey Real Estate | Petoskey Commercial Properties for Sale

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!

422 E Mitchell Unit 3, Petoskey

$1,750,000

480313 MLS

Position your business for success with this exceptional commercial opportunity at 500 Howard Street in Petoskey. Offering a current building size of approximately 10,400 square feet of versatile commercial space within the desirable B-2B Mixed Use Corridor, this property presents outstanding potential for investors, entrepreneurs, developers, or expanding businesses. The B-2B zoning allows for a wide variety of commercial and mixed-use possibilities, making it an ideal location to bring your vision to life. With its prominent location, generous footprint, and flexible layout, 500 Howard Street is perfectly suited for retail, office, professional services, hospitality, or a dynamic mixed-use redevelopment. Importantly, with current zoning and setbacks, a new structure could allow for approximately 25,000 square feet per floor, with the potential for three floors totaling up to approximately 75,000 square feet of buildable space. This creates a rare long-term development opportunity in a high-demand corridor. Surrounded by the energy and charm of Petoskey, this property combines exceptional visibility, convenient accessibility, and significant expansion potential in one of Northern Michigan’s most sought-after commercial markets. Whether you’re looking to establish a flagship business location or capitalize on the area’s continued growth through redevelopment, this property is ready to deliver on its remarkable potential.

500 Howard, Petoskey

$609,000

2 Beds ⋅ 1 Baths ⋅ 480264 MLS

Position your business at one of Petoskey's most visible commercial addresses. With 10,500+ vehicles passing daily, 1414 Kilborn Drive occupies a prominent corner at the intersection of Kilborn Drive and US-131. Offering exceptional exposure, EC R-2 zoning, and a professional office with an attached two-bedroom apartment, this outstanding location presents an excellent opportunity for owner-users and investors alike. Surrounded by national retailers, medical offices, restaurants, and established local businesses, the property offers outstanding visibility, convenient access, and steady customer traffic. The existing improvements are well-suited for a variety of professional and medical uses. The commercial wing features a reception area, two patient waiting areas, three exam/treatment rooms, plumbing in two patient rooms, a dedicated lead-lined X-ray area, sterile utility room, private offices, abundant storage, ADA-compliant patient restroom, and a private employee restroom. A second private office suite with its own exterior entrance offers flexibility for another practitioner, complementary business, or rental income. The attached two-bedroom apartment includes an open kitchen and dining area, spacious rooms, and attached garage access—ideal for an owner-occupant, employee housing, rental income, or future office expansion. Outside, the level parcel offers ample paved parking, city water and sewer, and room for redevelopment. The prominent corner location provides excellent visibility while allowing convenient ingress and egress for clients, patients, employees, and deliveries. Just minutes from downtown Petoskey and Bay Harbor, this property offers a rare combination of location, existing medical infrastructure, mixed-use functionality, and long-term investment potential.

1414 Kilborn Dr, Petoskey

$295,000

480238 MLS

Commercial building site near Petoskey. Next to Louie's Market. High traffic location on Mitchell Road. Located across the road from a large medical office park. Bring Your Business to this thriving area!

2430 E Mitchell Road, Petoskey

$1,800,000

1 Baths ⋅ 480196 MLS

Discover Your Ultimate Luxury Storage Oasis in Petoskey Welcome to an exclusive opportunity: the flagship of a select collection of only 26 steel frame luxury garage properties, boasting a sprawling 6,300 square feet. Located in a secure, gated complex just off US 31 North, this is more than storage—it's a sanctuary for motorsport enthusiasts and collectors alike. Imagine housing all your vehicles and toys behind 3 convenient roll-up doors, including two 12-foot high bays and a massive 16-foot central door perfect for RVs and boats. Natural light floods the space, a rare feature in standard storage facilities, enhancing every visit. Inside, experience the epitome of luxury. The building features a sleek epoxy floor throughout and is intelligently divided: a display-focused area on one end and expansive open storage on the other. The heart of the building beckons with a custom walnut bar, den/office space with a private full bath, and two additional bathrooms plus a loft area. Comfort is key year-round with full climate control ensuring your vehicles and recreational gear are protected in all seasons. This project is designed not just for storage, but for community, offering a fully equipped clubhouse where you can gather with fellow enthusiasts after a day of adventure. Units starting at 1,800 square feet are available, featuring customizable full second level entertainment mezzanines, heated floors, and air conditioning. Take advantage of pre-construction pricing and secure your slice of luxury storage paradise today. Don't miss your chance to explore this exceptional property. Start your engines and contact us now to schedule your private tour and discover why this is the ultimate haven for your passions in Petoskey.

2376 N Us 31 Unit 17, Petoskey

$198,000

480104 MLS

A rare opportunity to secure prominent US-31 frontage in Bear Creek Township, just minutes from downtown Petoskey, Bay Harbor, and the shores of Little Traverse Bay. This 0.59-acre commercial parcel sits along one of Northern Michigan's most heavily traveled corridors, offering the kind of visibility and accessibility that defines successful ventures in this market. Zoned EC-I (Emmet County I-Industrial District), the site accommodates a notably wide range of uses by right, including professional and medical offices, retail, restaurants, hotels and motor inns, personal services, light industrial, and select multi-family residential configurations. The flexibility here is genuine — leaving room for a storefront, professional office, hospitality concept, or purpose-built service space. Positioned within one of Michigan's most sought-after resort markets, the property is well-suited to capture both year-round local demand and the strong seasonal draw of the Little Traverse Bay region. A compelling footprint for buyers seeking presence, versatility, and long-term value in Northern Michigan.

2286 N Us 31 Highway, Petoskey

$427,900

479953 MLS

Discover Your Ultimate Luxury Storage Oasis in Petoskey Welcome to an exclusive opportunity within a collection of only 26 steel frame luxury garage properties. Located in a secure, gated complex just off US 31 North, this is more than storage—it's a sanctuary for motorsport enthusiasts and collectors alike. #9 has a 16' x 16' rollup door, in floor heating, air conditioning, epoxy floor in a convenient location with natural light at the north end of Building 2. Prepped for full bathroom. Units starting at 1,800 square feet are available, featuring customizable full second level entertainment mezzanines, heated floors, and air conditioning. Take advantage of pre-construction pricing and secure your slice of luxury storage paradise today. Don't miss your chance to explore this exceptional property. Start your engines and contact us now to schedule your private tour and discover why this is the ultimate haven for your passions in Petoskey. Photos are only example of unit finish, not actual

2376 N Us 31 Unit 9, Petoskey

$570,000

479927 MLS

Exceptional double storage unit just south of Petoskey, offering 3,968 square feet with two oversized 14’ x 14’ overhead doors for unmatched flexibility. Located in the gated Signature Storage community, this premium unit is ideal for RVs, boats, collector cars, or business storage, with private gated owner access and a beautifully maintained setting. Features include epoxy-coated concrete floors, mini-split cooling, natural gas radiant heat, premium insulation, bright white steel interiors, acoustic ceilings, utility sink with water, window tinting, door water guards, LED lighting, high-speed internet hookup, and multiple RV electrical outlets. These Morton steel buildings are conveniently located just one mile from U.S. 131, with quick access to Walloon Lake, Bay Harbor, downtown Petoskey, restaurants, and shopping. Secure, private, and built to a higher standard. Welcome Home!

600 Eugene Drive Unit 25 & 26, Petoskey

$475,000

1 Beds ⋅ 1 Baths ⋅ 479780 MLS

Exceptional commercial opportunity conveniently located just south of Petoskey between Petoskey and Walloon Lake. Offering approximately 7,200 square feet of well-maintained office and flex space, this versatile building is ideally suited for a wide variety of professional, light industrial, manufacturing, distribution, or service-based businesses. The main level features a welcoming reception area, four private offices, a spacious manufacturing or workshop area, a shipping and receiving room complete with an overhead garage door for easy loading and deliveries, men's and women's restrooms, and a comfortable employee break room. The upper level offers seven additional private offices, a large conference room, and two storage rooms, providing ample space for growing businesses or multiple departments. A unique bonus is the private one-bedroom, one-bath apartment with its own separate entrance and elevated deck overlooking beautifully landscaped gardens. Perfect for an owner-operator, on-site manager, employee housing, or an additional source of rental income. The property has benefited from numerous recent capital improvements, including a new rubber membrane roof, many replacement windows, and a new furnace, providing peace of mind for years to come. Ample on-site parking with 14 dedicated spaces ensures convenience for employees and clients alike. Whether you're expanding your business, investing in commercial real estate, or seeking a property that combines office, manufacturing, warehouse, and residential flexibility in one outstanding location, this is an opportunity not to be missed.

4768 Us 131 Hwy, Petoskey

$625

479572 MLS

Office Suite on top level of the Zipp Building. Private parking for tenants and clients. Tenant pays 4% of the utilities and a $110 in CAM charges monthly. Building features an elevator and bathrooms on each floor.

616 Petoskey Street Unit 202, Petoskey

$219,000

479454 MLS

Great End-unit office space available featuring a private office, conference room, and welcoming reception area. The kitchenette is appointed with granite countertops, while the half bath includes a full sink, granite finishes, and tile flooring. Attractive built-ins, a conference table with chairs, and a large desk with custom bookshelves are already in place, making this a truly move-in-ready space for your business.

2780 #16 Charlevoix Road Unit #16, Petoskey

$1,823

479422 MLS

Professional office space for LEASE located on high traffic count US 31 north just East of downtown Petoskey. Prominent signage available for this unit. Current 1,215 sq ft of office B has 3 offices, a reception area, a smaller work room/office and a private bathroom. Handicap access available through the main building entrance. Great opportunity for nice mid-sized professional office space. Please reach out for additional information.

1170 Bay View Road Unit B, Petoskey

$568,000

479391 MLS

Three parcels are combined to make 55 acres of opportunity. Located just outside of Petoskey on the north east side. All three properties are zoned Residential as well as Farm and Forest. With over 1500 feet of frontage on Pickeral lake Rd this property is a great opportunity for development or single use.

4281 Pickeral Lake Road, Petoskey

$564,900

2 Beds ⋅ 2 Baths ⋅ 479351 MLS

Commercial property for sale in an exceptional location, close to McLaren Hospital and next to Johan's Bakery. There are 3 units which include: a professional office space with a long term lease in place, and two stunning, 1 bedroom/1 bath apartments. One is owner occupied, while the other has been used for short and long term rentals.. Both units have been extensively upgraded and updated. The upper unit has sweeping views of the bay from the living room, kitchen and deck. There is a one stall detached garage.The property is Zoned B3 and has a great rental history. Please allow up to 24 hours for showing requests. Showings for the office shall be limited to office hours, Monday through Fridays from 9-4.

602 Jackson Street, Petoskey

$559,900

4 Beds ⋅ 3 Baths ⋅ 479041 MLS

Beautiful, charming remodeled and updated duplex in the heart of Petoskey! This prime location, just steps from the Gaslight district, shopping, dining, big box stores and all the recreational opportunities of the Bear River path is an investor or home owners dream. Fully updated and renovated in 2016, this property provides separate private entrances for each unit while the upper unit boasts three bedrooms and two full baths along with in-unit laundry. The lower unit's layout affords one bedroom plus a den that could be used as an additional bedroom and one full bathroom with in-unit laundry, plus an open concept kitchen. Off street driveway parking is available along with ample street parking year-round. Excellent multi-family revenue property in downtown Petoskey. Schedule your tour today!

415 Liberty Street, Petoskey

$4,600,000

478829 MLS

Located just off US 31 across from Bay Harbor, this well-maintained medical and professional office building offers beautiful views of Little Traverse Bay and convenient access to Petoskey, Charlevoix, Harbor Springs, and Boyne City. The two-story multipurpose building features more than 27,000 square feet of finished space designed to accommodate a variety of medical or professional users. Inside, you’ll find multiple reception areas and waiting rooms, a boardroom, private offices and exam rooms, 12 bathrooms, and an elevator for easy access between floors. The layout is practical and adaptable, making it easy to suit different specialties or multi-tenant use. The building can be divided into four separate spaces. Additional amenities include staff lounge and break rooms, generous storage throughout, and large windows that bring in plenty of natural light. A dedicated physical therapy pool adds unique functionality for rehabilitation or specialty services. Situated on 2.43 acres, the property includes a spacious parking lot with approximately 100 spaces, providing ample parking for staff and visitors. With its strong visibility, central location, and extensive build-out, this property is a great opportunity for medical groups, investors, or organizations looking to establish or expand in Northern Michigan. If interested in viewing the marketing plan, please contact us.

4048 Cedar Bluff Drive, Petoskey

$18

478660 MLS

Outpatient Medical Facility space located in the McLaren medical building in Petoskey. 1559 SF space with reception window, large main area, and 2 private offices. Excellent space for chiropractor, pediatrics, dermatology, plastics, dental, physical therapy, counseling etc. Specialties provided in the building include audiology, cardiology, digestive health, internal medicine, obstetrics and gynecology, oncology and hematology, psychology, pulmonary, and sleep center. Prior use was as a pharmacy. Tenant is responsible for in-suite electric, gas, phone/internet services.

560 W Mitchell St, Petoskey

$1,100,000

478565 MLS

Located along the US 31 corridor in Emmet County with direct bay views and strong traffic exposure, this commercial property offers a proven setting for business visibility and accessibility. Its position between Petoskey and Charlevoix places it in the path of both local and seasonal traffic traveling one of Northern Michigan’s primary routes. The well constructed building has operated as a deli for many years and includes a full commercial kitchen with flexible interior space. The layout supports continued food service use or conversion to other commercial applications such as a restaurant, café, brewery concept, or professional or medical office. Situated on more than one acre, the property provides room for additional parking, development, outdoor seating, or future expansion. Building was engineered with a potential third floor or roof top deck in mind. With its location, infrastructure, and adaptability, this offering is well suited for an owner operator or investor seeking a high exposure Northern Michigan commercial site.

2569 Charlevoix Avenue, Petoskey

$1,250,000

478403 MLS

Located near the bustling US-31 and US-131 intersection, this exceptional 1.93-acre commercial property offers unmatched visibility and access in one of Petoskey’s most heavily traveled corridors. With B-3 zoning, the site supports a wide array of commercial uses, making it ideal for both established operators and new development. All utilities are conveniently installed underground, including City water and sewer, natural gas, and high-speed internet, providing a solid infrastructure foundation for any business plan. Currently operating as a restaurant, the property can be purchased turn-key, complete with hoods, stoves, cookware, silverware, and dishware—perfect for a hospitality entrepreneur ready to step in and continue operations. Alternatively, the generous acreage and flexible zoning create excellent potential for redevelopment into retail, service, office, or other commercial ventures. This is a rare chance to secure a high-exposure property in a premier commercial district of Petoskey.

906 Spring St, Petoskey

$1,870,000

18 Beds ⋅ 18 Baths ⋅ 478039 MLS

525 W. Mitchell St. & 516 Monroe St. A Rare Investment Opportunity in the Heart of Petoskey, Michigan…home of spectacular sunrises and sunsets, iconic downtown, friendly neighbors, find it all here. Across the street from a regional hospital, walkable to downtown restaurants, waterfront, and more. Your dream investment opportunity starts here… and it provides you with a place to live as well.…look no further, it’s all right here. It’s a place to live with your family, while managing on-site rentals; employee housing, with income from a commercial business/office space. A Boutique hotel? Plus a house for additional income, or make it your own residence for when you spend time in Northern Michigan. This unique/versatile commercially zoned property across from a regional hospital in Petoskey, zoned COP-B-3 & RM-2, with approximately 10,580 sq ft. of rental opportunity, includes: House w/back yard, 2B, 2B & 1 Garage, 16 micro rental units w/bath, 2 large commercial spaces for office/retail. Basement storage, clean & dry. Security system, city water & sewer, wi-fi available. Off street parking for approx. 10 cars, and commercial laundry room. Recent upgrades: $90K roof, new windows, vanity & sinks in small units. All units occupied and leased. Showings are scheduled weekly as to not disrupt the tenants. Contact Carole to schedule a showing. PRE-QUALIFIED BUYERS ONLY 525 W. Mitchell is an intown Petoskey gem!

525 W Mitchell Street, Petoskey

$845,000

477880 MLS

2236 E. Mitchell Road Unit Unit 5, Petoskey

$1,850,000

477427 MLS

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.

321 E Lake Street, Petoskey

$440,000

476913 MLS

Excellent opportunity to own a versatile commercial building in a high-traffic location just north of Petoskey. This well-maintained property features a spacious workshop and comfortable, updated office space, ideal for a variety of business needs. Significant upgrades completed in 2019 include new windows, a new roof, exterior insulation, an air exchanger, and radiant heat in the shop area. The front offices are bright and welcoming, while the climate-controlled workshop ensures year-round functionality. 3 Phase power, 2 restrooms and kitchenette complete this package.

2489 N Us 31 Highway, Petoskey

$700

476901 MLS

FOR LEASE. YOUR BUSINESS NAME ON THIS SIGN!! 1 to 6 Offices in a "light and bright" Petoskey office building. Perfect for medical, counseling, designers, real estate, attorney's, etc. Ground level offices, barrier-free. Neat and clean. Air conditioned. FREE parking and lots of it. 2 bathrooms. Professionally cleaned. Located in the "finest office park" in the Northwest Michigan area! Executive offices with windows. Space is available for assistants and receptionists. Following is available to be shared: Waiting-Reception Area, General Office, Kitchen/Lunch Room with large refrigerator, Copy Machine/Printer, Wi-Fi, Coffee Bar. NO Smokers! From $450 per month. All utilities paid by landlord. AVAILABLE IMMEDIATELY. ASK REALTOR FOR BROCHURE WITH ALL DETAILS.

2206 Mitchell Park Drive Unit 10 & 11, Petoskey

$2,100,000

476474 MLS

This expansive 3.6-acre parcel offers exceptional exposure with frontage on both US 31 and Pickerel Lake Road, making it ideal for a wide range of commercial ventures. The property features a spacious 5,120 sq ft building, well-suited for retail, office, showroom, or light industrial use, and includes a large paved parking lot.

1327 N Us 31, Petoskey

$345,000

4 Beds ⋅ 2 Baths ⋅ 476297 MLS

Located in the heart of Petoskey, this mixed-use property offers a rare investment opportunity just steps from downtown shopping, restaurants, waterfront parks, and McLaren Hospital. The property includes a duplex and 3 commercial spaces. The duplex has two 2-bedroom, 1-bath apartments with a year-round water view from the upper unit. Zoning allows the upper unit to be used as a vacation rental, which adds to the property’s versatility and potential. The Three commercial spaces provide excellent visibility and exposure along a high-traffic road, ideal for retail, office, or service-based businesses. With flexible zoning, strong income potential, and an unbeatable location in one of Northern Michigan’s most vibrant communities, this property is perfect for investors or owner-occupants looking to capitalize on Petoskey’s thriving downtown atmosphere.

319 W Mitchell Street, Petoskey

$16

475637 MLS

FOR LEASE. Quality Petoskey Retail or Office space with 1,500 sq. ft. and has excellent traffic generated by the following adjacent stores: Walmart, Belle Tire, El Ranchero, Lowe's and Aldi's. Spacious open floor plan with plenty of windows which brings in plenty of Natural Light. Unit is in shell condition and will be provided to Lessee as a white box unit.

2160 Anderson Unit 200, Petoskey

$3,500

475471 MLS

Large warehouse/storage space close to downtown. Open space, plenty of parking, shared restroom, heated.

1601 Standish Avenue Unit 4, Petoskey

$369,000

475019 MLS

This exceptional development site, once approved for an assisted living facility, is now ready to be transformed into a multi-faceted residential or mixed-use project. Perfectly perched atop a bluff, the property offers breathtaking panoramic views of Little Traverse Bay to the east and stunning sunsets over Beaver Island to the west, making it an ideal location for high-end residential or commercial development. With its prime location, existing utility access, and unmatched views, this development site presents a rare opportunity to create something truly special. Whether you're looking to build luxury residences, an income-generating mixed-use project, or a combination of both, this property is perfectly suited for your vision.

4367 Charlevoix Ave, Petoskey

$99,000

473987 MLS

BRING ALL OFFERS!! Bayside Restaurant a captivating gem in Petoskey/Bay Harbor Mi. If you've been searching for an exceptional opportunity to own a well-established restaurant look know further than Bayside Restaurant- a delightful establishment known for its delectable breakfast and lunch offerings. Great growth potential: While Bayside restaurant has already achieved remarkable success; there is ample room for growth. The addition of dinner services or the implementation of catering services could present exciting opportunities to a new owner to further enhance revenue streams and capture a wider audience. Tavern license is available to future tenants with application to State.

3890 Charlevoix Avenue Unit 290, Petoskey

$1,295,000

6 Beds ⋅ 6 Baths ⋅ 469779 MLS

This newly renovated tri-plex is a multi family opportunity. In the heart of the downtown, no better location is out there! Outstanding views paired with the best location, makes this desirable listing one that will sell quickly. There are three beautifully appointed units. The first floor is a two bedroom two bath, with an open floor plan. Our second unit is a three bedroom, three bath with an open floor plan and very unique front and center turret room. Such a lovely place to read a book and enjoy the view. While the third unit is a one bedroom one bath unit, it has the beautiful views we all desire in this lovely area we call home. So much opportunity for the investor or homeowner who wants to live in one unit and rent out the other two. And so much opportunity for the lucky few that get to live near the marina and walk to downtown Petoskey for dinner! Beards Brewery is a hop skip and a jump home!!

120 E Lake, Petoskey

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