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  1. Commercial Properties
  2. MI
  3. Petoskey
  4. Bay View

1100 US-31 N

For Sale

1100 US-31 N, Pellston, MI 49769

HIGHWAY CORRIDOR PORTFOLIO WITH AIRPORT EXPOSURE & MASSIVE BUILD-OUT UPSIDE: Priced at $1,750,000, this rare multi-asset 7.8% CAP RATE commercial portfolio delivers immediate diversified cash flow paired with a preapproved development segway for 440 additional fully approved storage units on 7 expansion pads. Positioned directly on a high-traffic 6266 AADT highway corridor, the property features unparalleled logistical visibility, sitting directly across from the Pellston Regional Airport on over 5 total acres and 400' of frontage-seamlessly abutting state land on the easterly line. The existing revenue stream is anchored by 110 self-storage units with prime highway frontage and an active, high-margin U-Haul Dealership Pick up and Drop off site that acts as a built-in customer acquisition engine. The sale includes an adjacent parcel featuring 2 rental homes generating an immediate $1,950 in monthly gross revenue ($23,400 annually), plus a high-visibility commercial pole building with offices, bathroom and commercial kitchen fixtures- currently leased to a business that plans to continue leasing. While enjoying this multi-stream income on day one, the incoming investor acquires a massive future development asset completely ready to break ground. Skip the risky, multi-year municipal zoning and approval process, capitalize instantly on the airport-adjacent location, and expand the existing storage footprint by 7 pads. Ideal for portfolio investors looking for stable, diversified yield paired with a permitted upside. Financial documents and fully engineered facility layout plans are available. Don't miss this generational chance to secure a cash-flowing asset today while building your real estate legacy tomorrow‹” step into an incredibly rewarding investment with endless potential!

Key features

  • US 31 N across from Pellston Regional Airport
  • Cooling: Wall Unit A/C
  • Heating - Fuel Type: Propane
  • Road Type: City / Town Street
  • Roof: Metal Roof
  • Water: Well

Building Details

  • For Sale $1,750,000
  • Property Type Other
  • Property Size 17,560 SF
  • Additional Rent Price on request
  • Year Built 2023
  • Date Updated Oct 26, 2026
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Contacts

broker
Sue Louiselle

Coldwell Banker Schmidt Realtors

Location

  • City Pellston, MI
  • Neighborhood Bay View
  • Zip Code 49769
  • Map
  • Street
  • Walk score 43/100 Car-Dependent
  • Bike score 64/100 Bikeable
Powered by Walk Score ®

Points of Interest

Mobil

0.05 miles

D&W Quick Stop

0.06 miles

Shell

0.51 miles

Marathon

2.27 miles

Petoskey Pacific Pride

2.66 miles

BP

2.78 miles

Next Door Store

2.85 miles

JBJ Trucking

3.72 miles

Bear River Trail Sheridan Street Trailhead

2.64 miles

Little Traverse Wheelway Trailhead

2.69 miles

Krause Rd

4.63 miles

Tanton Family Reserve MTB Trailhead

5.66 miles

Challenger lot

5.93 miles

East Brutus Road Trailhead Parking

7.30 miles

MDOT Public Carpool Parking

7.58 miles

NCT Traihead Parking - Larks Lk Rd

9.69 miles

Boyne City School Forest Trail

9.97 miles

Boyne Forest Trails - East Trailhead Parking Lot

9.98 miles

Enterprise

0.09 miles

Fast Eddie's

0.10 miles

Little Caesars

0.03 miles

McDonald's

0.12 miles

Taco Bell

0.15 miles

China Buffet King

0.16 miles

KFC

0.16 miles

Side Door Saloon

0.19 miles

Culver's

0.30 miles

Vernale's

1.88 miles

City Park Grill

1.91 miles

Jimmy John's

1.94 miles

D&W Fresh Market

0.17 miles

Louie's Fresh Market

1.08 miles

Oleson's

1.70 miles

Grain Train Natural Foods Market

2.11 miles

Big Lots

3.06 miles

Gordon Food Service

3.07 miles

Meijer

3.64 miles

Walmart Supercenter

3.77 miles

ALDI

3.83 miles

Harbor Springs IGA

4.76 miles

Michigan State Police Post

0.39 miles

Walgreens

0.47 miles

Bayside Family & Sports Medicine

0.89 miles

Petoskey Fire Department

1.85 miles

Petoskey Police Department

1.85 miles

Emmet County Sheriff Office

1.85 miles

Quick Care Medical Center

2.28 miles

Quick Care

2.28 miles

Little Traverse Primary Care

2.42 miles

Petoskey Ear, Nose and Throat Specialists

2.69 miles

Listing Summary

  • Property Financials

    1100 US-31 N is currently listed for sale at $1,750,000 for a price per square foot of $99.66.

  • Property Details

    1100 US-31 N totals 17,560 square feet of Mixed Use space. The property was initially built in 2023.

  • Area Characteristics

    1100 US-31 N is located in the Bay View neighborhood.

    In terms of ease of commuting, the area has a walk score of 43, indicating that it is car-dependent.

Contact Sue Louiselle
broker
Sue Louiselle

Coldwell Banker Schmidt Realtors

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