# 321 E Lake Street, Petoskey, MI 49770 > **TL;DR:** commercial, $1,850,000 ($232/sqft), built 1907, 7,958 sqft. Est. $9,895/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,850,000 | | Price/sqft | $232 | | Square Feet | 7,958 | | Year Built | 1907 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $9,355 | | Estimated Insurance | $540 | | **Total** | **$9,895** | ## Property Highlights - Built in 1907 ## 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 Street, Petoskey, MI 49770 - **County:** Emmet ## Virtual Tour & Media - **Video Tour:** https://tours.wavebreakonline.com/321elakest_120879?b=0 ## Listing Agent - **Name:** Tom Mooradian - **Brokerage:** Berkshire Hathaway HomeServices Michigan Real Estate - **Phone:** 6163346672 - **Broker Phone:** (231) 526-9800 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/NMIMLS/477427/?channel=propsimple) ## Photos ![321 E Lake Street - Photo 1](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2855171770r.jpg) ![321 E Lake Street - Photo 2](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f218445485r.jpg) ![321 E Lake Street - Photo 3](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2152508235r.jpg) ![321 E Lake Street - Photo 4](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3886431987r.jpg) ![321 E Lake Street - Photo 5](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1895055346r.jpg) ![321 E Lake Street - Photo 6](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f491226637r.jpg) ![321 E Lake Street - Photo 7](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1694181913r.jpg) ![321 E Lake Street - Photo 8](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1803413378r.jpg) ![321 E Lake Street - Photo 9](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3562389637r.jpg) ![321 E Lake Street - Photo 10](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3258324462r.jpg) ![321 E Lake Street - Photo 11](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3931352414r.jpg) ![321 E Lake Street - Photo 12](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2089123516r.jpg) ![321 E Lake Street - Photo 13](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2237295157r.jpg) ![321 E Lake Street - Photo 14](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1650893253r.jpg) ![321 E Lake Street - Photo 15](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3080942787r.jpg) ![321 E Lake Street - Photo 16](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2784638151r.jpg) ![321 E Lake Street - Photo 17](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2541629679r.jpg) ![321 E Lake Street - Photo 18](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1775147690r.jpg) ![321 E Lake Street - Photo 19](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f893873517r.jpg) ![321 E Lake Street - Photo 20](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2776163781r.jpg) ![321 E Lake Street - Photo 21](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3088492588r.jpg) ![321 E Lake Street - Photo 22](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f4059768810r.jpg) ![321 E Lake Street - Photo 23](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3877820861r.jpg) ![321 E Lake Street - Photo 24](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3304387476r.jpg) ![321 E Lake Street - Photo 25](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2893884589r.jpg) ![321 E Lake Street - Photo 26](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1783545158r.jpg) ![321 E Lake Street - Photo 27](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f4135366416r.jpg) ![321 E Lake Street - Photo 28](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f664830604r.jpg) ![321 E Lake Street - Photo 29](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f797311783r.jpg) ![321 E Lake Street - Photo 30](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f385658822r.jpg) ![321 E Lake Street - Photo 31](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2044728137r.jpg) ![321 E Lake Street - Photo 32](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2399256957r.jpg) ![321 E Lake Street - Photo 33](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2665097500r.jpg) ![321 E Lake Street - Photo 34](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1508318311r.jpg) ![321 E Lake Street - Photo 35](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3218505522r.jpg) ![321 E Lake Street - Photo 36](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1319794481r.jpg) ![321 E Lake Street - Photo 37](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f280894005r.jpg) ![321 E Lake Street - Photo 38](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f4131900086r.jpg) ![321 E Lake Street - Photo 39](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1088164498r.jpg) ![321 E Lake Street - Photo 40](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1188004868r.jpg) ![321 E Lake Street - Photo 41](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f891561165r.jpg) ![321 E Lake Street - Photo 42](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f1834414930r.jpg) ![321 E Lake Street - Photo 43](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2878609902r.jpg) ![321 E Lake Street - Photo 44](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f2002769645r.jpg) ![321 E Lake Street - Photo 45](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f3504880421r.jpg) ![321 E Lake Street - Photo 46](http://lh.rdcpix.com/cab146b141c19ccc06076583a4630dcdl-f784385200r.jpg) --- **MLS#:** 477427 | **Updated:** 2026-07-03 **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.ai/listing/321-e-lake-street-petoskey-mi-49770-s477427) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/321-e-lake-street-petoskey-mi-49770-s477427#listing", "url": "https://www.propertysimple.ai/listing/321-e-lake-street-petoskey-mi-49770-s477427", "name": "321 E Lake Street, Petoskey, MI 49770", "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. 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