2201 U.S. 31 North, Petoskey, MI 49770 For Sale

• Strategically positioned along US-31, the primary commercial corridor serving Petoskey and surrounding Northern Michigan communities, the property benefits from strong year-round consumer demand and regional accessibility. Petoskey serves as the economic, retail, and healthcare hub for much of Northern Michigan, drawing shoppers from Emmet, Charlevoix, Cheboygan, and Otsego Counties.

• Located within one of Michigan's most desirable vacation and second-home destinations, the property benefits from a substantial influx of seasonal residents and tourists throughout the year and includes exclusive luxury enclaves, premier lakefront estates, and high historic home values. The Petoskey market is supported by nearby destinations including Harbor Springs, Bay Harbor, Charlevoix, Walloon Lake, and Boyne Mountain, creating a highly diversified customer base beyond the permanent population.

• Leased to Tractor Supply Company, a publicly traded, investment-grade retailer generating approximately $15.52 billion in revenue (2025). Tractor Supply has established a strong presence within the Petoskey market and benefits from the area's unique blend of rural, recreational, agricultural, and residential demand drivers.

• Tractor Supply operates more than 2,500 locations nationwide and remains the clear leader in the rural lifestyle retail sector. The company's focus on essential products including pet supplies, livestock feed, outdoor power equipment, home improvement, and agricultural products has supported consistent growth and long-term operating performance across varying economic cycles.

• The property is located on US-31, the highly trafficked artery through Downtown and strong retail corridor, serving the broader Northern Michigan trade area.

• Petoskey's desirable location, constrained development opportunities, and limited availability of large commercial sites create significant barriers to entry for new retail development. Combined with the area's strong demographics, tourism-driven economy, and status as the primary retail destination for Northern Michigan, these characteristics support long-term tenant demand and investment stability.

• Tractor Supply has operated at this site since 2011 and recently extended the lease early for an additional 10 years, demonstrating their long term commitment to the location and the demand for its goods and services.