Real Estate

📍 224 Michigan Street | Petoskey, MI

​

FOR LEASE - click here to view property brochure and MLS.

​

Investment Opportunity

The Belle Tower, a historic church built in 1891, is being transformed into a mixed-use property in downtown Petoskey. This project combines the stability of workforce housing with the strong revenue potential of premium commercial lease space in one of Petoskey’s most desirable downtown corridors.

 

Project Overview

• Basement Level – 3 workforce housing apartments (long-term rentals)

• Main Level – Available for lease to a commercial tenant (ideal for retail, café, gallery, or co-working)

• Upper Level – Flexible space for office support or storage

 

Revenue Streams

• Residential Rentals – 3 apartments provide a consistent monthly income

• Commercial Lease – Prime tenant space with high downtown visibility

 

Why Invest

✔ Prime Downtown Location – Steps from Mitchell Street, strong foot traffic, public parking nearby
✔ Strong Revenue Mix – Reliable apartment rentals plus premium commercial lease
✔ Historic Preservation Benefits – Potential tax credits, grants, and heritage tourism appeal
✔ Community Impact – Adds workforce housing and revitalizes a landmark property

 

Investment Structure

• Flexible partnership and equity opportunities

• Eligible for Historic Preservation Tax Credits and grant incentives

 

📞 Contact
Lindsey Dotson – Managing Partner
📧lindsey@gdplacemaking.com | 📱 231-753-6102