The Reserve at Petoskey

Highlights:

• The Heart of Petoskey, MI - Nearly 1 MILLION Visitors Annually from Across the United States and the World www.petoskeyarea.com
• Prime Visibility & Location – Frontage along W Mitchell St (US-31), Petoskey’s main commercial corridor with strong daily traffic counts
• Excellent Access & Parking – Easy ingress/egress with on-site parking; minutes from downtown, major retailers, and area amenities
• New Roof Unit 1 and 2 ($34,000) and Parking Lot Seal and Stripe 2024 Unit 3 and 4 Roof was Replaced in 2013 Concrete Replacement 2023 ($17,275)
• Upside in Rent Appreciation and Converting Leases from Gross to NNN
• Brand New Regional Lease – New 5-year lease with Cottage Inn Pizza, a trusted regional franchise with decades of brand recognition and a loyal customer base; long-term occupancy history supports stable, reliable income
• Cottage Inn Pizza Sets Goal is to Reach 100 Stores within 12 months!
• Comprehensive Build-out & Upgraded Systems – Cottage Inn will be doing an extensive interior build-out, but also an upgrade in all electrical and HVAC systems to the building to ensure modern functionality and reduce maintenance costs
• Existing Tenants Occupied the Property 14, 12 and 4 years, Respectively
• Flexible Commercial Use – Configured for retail, office, medical, or service users; adaptable layout supports a wide range of businesses
• Thriving Commercial Hub – Surrounded by national retailers, restaurants, medical offices, and local businesses generating steady foot traffic
• Affluent, Year-Round Market – Located in a stable, high-income resort community with strong seasonal tourism to boost business
• Healthcare-Adjacent Location – Directly across from McLaren Northern Michigan Hospital (400+ beds), ideal for medical or service-oriented tenants

Description:

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52-19-06-126-021,
52-19-06-126-023