906 Spring Street $1,495,000

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    906 Spring Street Petoskey, MI 49770

    • 5,416 sq. ft.
    • 1.93 Acres
    • Commercial
    • MLS# 472742
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    Views: 39 Days On Site: 154

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    Property Details

    Location is key with this exceptional development opportunity in Petoskey's prime commercial district! Sitting on nearly two acres, this property boasts more than 5,400 square feet of space and ample parking so you can bring business ideas to life. The stick-built building rests on a slab foundation and includes a forced-air HVAC system with natural gas, city water and sewer, and high-speed internet. While the property is currently being used as a restaurant, B-3 zoning opens the door for a variety of commercial uses & from retail offices to hospitality ventures. It is located on Spring Street just south of the US-31 and M-131 intersection, putting it in the heart of Petoskey's thriving business landscape. Contact us now for a showing so you can see for yourself the potential this space holds for your business aspirations.

    • General Features
      • Above Ground Sq Footage 5416
      • Acreage 1.01 - 2
      • Approx Year Built 1977
      • Association No
      • County Emmet
      • Heat1 Natural Gas, Forced Air
      • Lake Michigan
      • Total Sq Ft 5416
      • Township Petoskey City
      • Type1 Commercial Building
      • Utilities Underground Utilities
      • Water City
      • Water Front Water Access Neither
      • Water View Yes
    • Building Features
      • Basement Slab
      • Construction Wood Frame
      • Num Of Units 1
      • Roof Rolled
      • Stories Two
    • Room Features
      • Bedrooms 0
      • Full Bathrooms 0
      • Num Of Restrooms 3
    • Property Features
      • Approx Lot Dimensions 178 x 473
      • Approx Number Of Acres 1.93
    • Schools
      • School District Petoskey
    • Additional Features
      • Current Business Type Restaurant / Food Service
      • Sewer City

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    Neighborhood

    49770 (Petoskey) Demographics

    44 Median Age
    139 Population Density (per sq. mile)
    52% College Educated
    $62,264 Estimated Median Income
    4,813 Estimated Total Home Owners
    2,375 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,205 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $545,850 Median Sales Price
    16 Homes Sold
    38 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,495,000
        4/25/2024 8:21:01 PM Price Reduced Source: Multiple Listing Service New Value: $1,495,000 -19.15%
        11/30/2023 4:06:00 PM New in Database Source: Multiple Listing Service New Value: $1,849,000

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        All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor RE/MAX of Michigan shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Northern Michigan MLS, Inc © All rights reserved.

        NM-MLSX (IDX) information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.