Nestled in the heart of downtown Petoskey, this beautifully maintained home blends timeless charm with incredible flexibility. Whether you're searching for a spacious single-family residence or a home with built-in rental income potential, this property delivers. Inside, you'll find gleaming hardwood floors, a generous kitchen that flows seamlessly into an oversized dining area—perfect for gatherings—and a spacious living room anchored by a wood-burning fireplace with exquisite antique detailing. A lovely staircase leads to the second floor, adding character and grace to the home’s layout. Natural light pours through newer windows, creating a warm, inviting atmosphere throughout. The home features two primary suites, an attached two-car garage, a nicely sized yard, and a thoughtful floor plan that offers exceptional versatility. With a simple turn of a key, the second floor can function as a separate apartment, complete with its own sunny living room, efficient kitchen, and second-floor laundry. Whether you choose to enjoy the entire home or live on one level while renting the other, this is downtown living with flexibility and charm—just blocks from shops, dining, and everything Petoskey has to offer.
For sale
Price cut: $10.1K (6/25)
$949,900
702 Michigan St, Petoskey, MI 49770
4beds
2,900sqft
Est.:
SingleFamily
Built in ----
-- sqft lot
$-- Zestimate®
$328/sqft
$-- HOA
What's special
Wood-burning fireplaceNicely sized yardSecond-floor laundryEfficient kitchenTwo primary suitesOversized dining areaNewer windows
- 84 days
- on Zillow |
- 605 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: 22 hours ago
Listed by:
Bay North Realty Co.
Source: Northern Michigan MLS,MLS#: 476485

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bedroom
- Area: 236.17
- Dimensions: 11.3 x 20.9
Bedroom
- Area: 190.24
- Dimensions: 11.6 x 16.4
Bedroom 1
- Area: 258.4
- Dimensions: 15.2 x 17
Bedroom 2
- Area: 175.5
- Dimensions: 11.7 x 15
Dining room
- Area: 422.4
- Dimensions: 24 x 17.6
Family room
- Area: 264.48
- Dimensions: 11.4 x 23.2
Kitchen
- Area: 184.22
- Dimensions: 12.2 x 15.1
Living room
- Area: 370.52
- Dimensions: 23.6 x 15.7
Heating
- Natural Gas, Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Built-in Microwave, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
Features
- Flooring: Wood
- Basement: Michigan
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 2,900 sqft
Property
Parking
- Parking features: Attached Garage
- Has attached garage: Yes
Features
- Patio & porch: Patio
Lot
- Features: Paved
Details
- Additional structures: None
- Parcel number: 521905179042
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood Frame/Site Built
Utilities & green energy
- Sewer: City
- Water: City
- Utilities for property: Cable Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $302,000
- Date on market: 5/19/2025
- Loading
- Loading