Skip to main content

Shopping Community

Bear River Center

105 W Mitchell St, Petoskey, MI 49770

Listing Price: $1,950,000

Cap Rate
8.16%
Gross SF
9,880
Rentable SF
9,880
Price/Gross SF
$197.37
Lot Size
0.75 acres
Year Built
1940

Investment Overview

Rare 10,000 square foot investment opportunity near historic Gaslight District of downtown Petoskey, MI. Three tenant plaza - West Marine, Mancino's Pizza (both on triple net leases) and a local law firm. Three miles from The Village at Bay Harbor and Bay Harbor Lake Marina, one of Michigan's premiere travel destinations.

Investment Highlights

  • Rare retail investment opportunity in Petoskey MI
  • Three-tenant 10,000 Sq. Ft. plaza anchored by West Marine – 27-year history
  • One-half mile from new Panera, McLaren Hospital, Bayfront Park and Marina
  • Located on US-31 three blocks from historic Gaslight District of downtown Petoskey

Exclusively Listed By

Financing By

Shopping Community

Bear River Center

Listing Price: $1,950,000

Cap Rate
8.16%
Gross SF
9,880
Rentable SF
9,880
Price/Gross SF
$197.37
Lot Size
0.75 acres
Year Built
1940

Investment Highlights

  • Rare retail investment opportunity in Petoskey MI
  • Three-tenant 10,000 Sq. Ft. plaza anchored by West Marine – 27-year history
  • One-half mile from new Panera, McLaren Hospital, Bayfront Park and Marina
  • Located on US-31 three blocks from historic Gaslight District of downtown Petoskey

Investment Overview

Rare 10,000 square foot investment opportunity near historic Gaslight District of downtown Petoskey, MI. Three tenant plaza - West Marine, Mancino's Pizza (both on triple net leases) and a local law firm. Three miles from The Village at Bay Harbor and Bay Harbor Lake Marina, one of Michigan's premiere travel destinations.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower