# 321 E Lake, Petoskey, MI 49770

> **TL;DR:** commercial, $1,850,000 ($232/sqft), built 1907, 7,958 sqft.
> View, Basement. Est. $8,017/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,850,000 |
| Price/sqft | $232 |
| Square Feet | 7,958 |
| Year Built | 1907 |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,017 |
| **Total** | **$8,017** |

## Key Amenities

- View
- Basement

## Property Highlights

- Built in 1907
- 2 stories

## Description

### 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.

## Location

- **Address:** 321 E Lake, Petoskey, MI 49770
- **County:** Emmet

## Listing Agent

- **Name:** Tom Mooradian
- **Brokerage:** Berkshire Hathaway HomeServices Michigan Real Estate - HS
- **Phone:** 6163346672
- **Email:** tommooradian@bhhsmi.com

## Primary Photo

![321 E Lake - Primary Photo](http://lh.rdcpix.com/3f224bf7897ed4059b13e662a93b15bcl-f2855171770r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/321-e-lake-petoskey-mi-49770-s477427)*

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**MLS#:** 477427 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/321-e-lake-petoskey-mi-49770-s477427)

---

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