319 W Mitchell Street, Petoskey
Listing Details
Located in the heart of Petoskey, this mixed-use property offers a rare investment opportunity just steps from downtown shopping, restaurants, waterfront parks, and McLaren Hospital. The property includes a duplex and 3 commercial spaces. The duplex has two 2-bedroom, 1-bath apartments with a year-round water view from the upper unit. Zoning allows the upper unit to be used as a vacation rental, which adds to the property’s versatility and potential. The Three commercial spaces provide excellent visibility and exposure along a high-traffic road, ideal for retail, office, or service-based businesses. With flexible zoning, strong income potential, and an unbeatable location in one of Northern Michigan’s most vibrant communities, this property is perfect for investors or owner-occupants looking to capitalize on Petoskey’s thriving downtown atmosphere. The property next door is also for sale by the same owner, and includes another duplex.
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319 W Mitchell Street
Petoskey MI, 49770
$365,000
- Square Ft 3,850
- School District Petoskey
- County Emmet
- Water View Yes
- Waterfront No
- Type Multi-Family
- Subtype Other
- Zoning B-3
- Year Build 1900
- Water City
- roof Asphalt Shingles
- sewer City
- # of Units 5
- Gas Meters 5
- Water Meters 3
- Water Heaters 5
- heat Natural Gas, Forced Air
- Features Cable, Range, Refrigerator
- Construction Wood Frame
- Basement Partial
- Listing Courtesy of Real Estate One
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