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For sale
  • $365,000

    319 W Mitchell St, Petoskey, MI 49770

    4beds
    4baths
    3,850sqft
    : 
    Other
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $95/sqft
    $-- HOA

    What's special

    Year-round water view
    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.
    101 days
    on Zillow
    |
    1,469
    |
    52
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 11, 2025 at 11:02pm

    Listed by:

    Real Estate One 231-347-6200

    Source: Northern Michigan MLS,MLS#: 476298MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Natural Gas, Forced Air
    Appliances
    • Included: Range, Refrigerator
    Features
    • Basement: Partial
    Interior area
    • Total structure area: 3,850
    • Total interior livable area: 3,850 sqft

    Property

    Lot
    • Size: 7,350 Square Feet
    • Dimensions: 75 x 98

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Other
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: City
    • Water: City
    • Utilities for property: Cable Connected

    Community & HOA

    Location
    • Region: Petoskey

    Financial & listing details

    • Price per square foot: $95/sqft
    • Date on market: 5/2/2025
    • Total actual rent: 2400
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