3890 Charlevoix Rd - Medical FOR SALE


Petoskey, MI 49770
$7,200,000 USD
248-362-2870
3890 Charlevoix Rd, Petoskey, MI for Sale
$7,200,000 USD
Medical - FOR SALE
1/10
null | 7.23% Cap Rate

3890 Charlevoix Rd
Petoskey, MI 49770


HIGHLIGHTS

  • Multi-tenant medical office asset located along Charlevoix Road.
  • Established healthcare and professional services tenant base.
  • Convenient access to US-31 and the greater Northern Michigan region.
  • Positioned near Bay Harbor, downtown Petoskey, and surrounding residential communities.
  • Ample on-site parking supports tenants, patients, and visitors.
  • Located within a recognized healthcare and commercial services corridor.

OVERVIEW

Northview Center presents an opportunity to acquire a multi-tenant medical office asset in Petoskey, Michigan. Constructed in 2000, the property consists of a two-story medical office building positioned along Charlevoix Road, a primary commercial corridor serving the Petoskey and Bay Harbor markets. The asset benefits from proximity to regional healthcare providers, established residential communities, and the area's year-round tourism economy, creating multiple demand drivers for medical and professional office users. The property's multi-tenant configuration provides diversified occupancy and exposure to healthcare-oriented tenancy within a market that serves Northern Michigan residents and seasonal visitors alike. Convenient access to US-31 enhances connectivity throughout the region, while the surrounding commercial development supports ongoing tenant visibility and accessibility. Ample on-site parking and an established tenant base contribute to the property's operational appeal. Petoskey continues to serve as a commercial and healthcare hub for surrounding communities, drawing consumers, patients, and professionals from across Emmet County and neighboring areas. The property's location near Bay Harbor, downtown Petoskey, and regional transportation routes positions it to benefit from both local and visitor activity. Investors have the opportunity to acquire a stabilized office asset in a well-established medical and professional services corridor with long-term relevance to the surrounding market

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

7.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northview Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

RT I

APN/PARCEL ID

13-18-10-230-103

ASK ABOUT THIS PROPERTY

Ara AtesianAtesian RealtyMore Info
248-362-2870

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Ara AtesianAtesian RealtyMore Info
248-362-2870

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.