About 422 E Mitchell 3
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!
Features of 422 E Mitchell 3
| MLS® # | 480422 |
|---|---|
| Price | $725,000 |
| Bathrooms | 1.00 |
| Half Baths | 1 |
| Square Footage | 2,279 |
| Type | Commercial |
| Sub-Type | Commercial/Industrial |
| Status | Active |
| Water Front/Water Access | Neither |
Community Information
| Address | 422 E Mitchell 3 |
|---|---|
| City | Petoskey |
| County | Emmet |
| State | MI |
| Zip Code | 49770 |
Amenities
| Utilities | Electricity |
|---|---|
| Features | Off-Street Parking, Air-Conditioning, Common Area, Ample Parking |
| Is Waterfront | No |
Interior
| Heating | Natural Gas |
|---|---|
| Has Basement | No |
| Stories | One |
Exterior
| Windows | Thermo |
|---|---|
| Construction | Block |
School Information
| District | Petoskey |
|---|
Additional Information
| Zoning | commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Jane Fisher |
|---|---|
| Office | Gaslight Group Properties |
| Contact Info | Main: 231-347-7300 |