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About This Home

This 0-bedroom, 0-bathroom commercial at 321 E Lake in Petoskey, MI is listed for $1,850,000 ($232 per sqft). Built in 1907, the home offers 7,958 sqft of living space on a N/A lot.

Agent Description

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.

Key Features

  • Built in 1907
  • 2 stories

Property Details

2 stories
1907

Amenities

ViewBasement

Monthly Cost Estimate

$9,894/mo

20% down · 6.5% · 30 years

Principal$1,338
Interest$8,017
Insurance$540

Estimates only. Actual payments may vary.

Location

321 E Lake

Petoskey, MI 49770

Features & Amenities

Interior Features

Natural GasAir-ConditioningCommon Area

Property Details

Views

Water

Heating

Natural Gas

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 321 E Lake is listed at $1,850,000 ($232/sqft). The estimated monthly payment is $8,017 based on 20% down at 6.5% interest.

Key features include: Built in 1907, 2 stories. Interior Features: Natural Gas, Air-Conditioning, Common Area.

This property is listed by Tom Mooradian and can be reached at 6163346672 or tommooradian@bhhsmi.com.

TM

Tom Mooradian

Agent at Berkshire Hathaway HomeServices Michigan Real Estate - HS

(616) 334-6672

Listed by Berkshire Hathaway HomeServices Michigan Real Estate - HS · View on Broker Site

MLS# 477427· Source: listhub· Updated today

Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

321 E Lake, Petoskey, MI 49770

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