*Schoolhouse for Sale!* Step into a remarkable piece of Northern Michigan history with the beautifully restored Epsilon Schoolhouse, where timeless character meets modern comfort. Rich in charm & architectural detail, this one-of-a-kind home offers an opportunity to own not just a residence, but a story that has stood the test of time. Soaring ceilings, abundant natural light, & original character create an inviting atmosphere that simply cannot be duplicated in today's construction. The thoughtfully designed floor plan features a spacious main-level primary bedroom, full bath, convenient laundry, & welcoming living spaces ideal for everyday living or entertaining. Upstairs, two charming loft-style bedrooms provide comfortable accommodations for family, guests, or flexible office space. Situated on nearly an acre just minutes from Petoskey, Walloon Lake, Boyne Mountain, world-class golf, skiing, dining, shopping, & endless year-round recreation, the property offers the perfect balance of peaceful country living & convenient access to Northern Michigan's most sought-after destinations. Outside, the versatility continues with an impressive detached pole barn/garage offering abundant room for vehicles, boats, snowmobiles, recreational equipment, hobbies, or workshop space. Additional storage in back of barn provides even more room for seasonal items, outdoor gear, or future possibilities. For a distinctive year-round residence, a memorable Northern Michigan retreat, or a property with outstanding investment potential, the Epsilon Schoolhouse stands apart. In today's experience-driven vacation rental market, travelers seek destinations as much as accommodations, & few homes offer the unforgettable character, history, and conversation-starting appeal of spending the night in an authentic historic schoolhouse. Opportunities to own a property this unique are exceptionally rare don't miss your chance to make a piece of Northern Michigan your own! Natural Gas is available!
Accepting backups
$275,900
7198 E Mitchell Rd, Petoskey, MI 49770
3beds
1,291sqft
SingleFamily
Built in 1896
1 Acres Lot
$270,600 Zestimate®
$214/sqft
$-- HOA
What's special
Original characterTimeless characterSoaring ceilingsNearly an acreAbundant natural lightCharming loft-style bedroomsWelcoming living spaces
- 76 days
- 2,115
- 116
Zillow last checked:
Listing updated:
Listed by:
Genna Hill,
@properties Christie’s International Real Estate - Harbor Springs
Source: Northern Michigan MLS,MLS#: 480033
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Area: 132
- Dimensions: 11 x 12
Bedroom
- Area: 224
- Dimensions: 14 x 16
Bedroom 1
- Area: 144
- Dimensions: 9 x 16
Dining room
- Area: 135
- Dimensions: 9 x 15
Kitchen
- Area: 90
- Dimensions: 9 x 10
Living room
- Area: 240
- Dimensions: 15 x 16
Heating
- Electric Baseboard, Other
Features
- Cathedral Ceiling(s)
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,291 sqft
Video & virtual tour
Property
Parking
- Parking features: Detached Carport
- Has carport: Yes
- Covered spaces: 3
Features
- Levels: Two Or More
Lot
- Size: 1 Acres
- Dimensions: 166 x 233 x 160 x 241
Details
- Parcel number: 142008200001
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood Frame/Site Built
Condition
- Year built: 1896
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $214/sqft
- Tax assessed value: $83,500
- Annual tax amount: $3,410
- Date on market: 7/4/2026
Estimated market value
$270,600
$257,000 - $284,000
$1,694/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/4/2026 | Listed for sale | $275,900+30.8%$214/sqft |
Source: | ||
| 6/15/2023 | Sold | $211,000+5.6%$163/sqft |
Source: | ||
| 6/6/2023 | Pending sale | $199,900$155/sqft |
Source: | ||
| 4/7/2023 | Listed for sale | $199,900$155/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,410 | $83,500 +103.2% |
| 2021 | -- | $41,100 -3.5% |
| 2020 | -- | $42,600 +4.4% |
| 2019 | -- | $40,800 +1% |
| 2018 | -- | $40,400 +1.5% |
| 2017 | -- | $39,800 +3.1% |
| 2016 | -- | $38,600 +10.6% |
| 2015 | -- | $34,900 +8.7% |
| 2014 | -- | $32,100 +4.6% |
| 2013 | -- | $30,700 -2.2% |
| 2012 | -- | $31,400 -2.5% |
| 2011 | -- | $32,200 -7.2% |
| 2010 | -- | $34,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49770
Nearby schools
Schools provided by the listing agent
- District: Petoskey
Source: Northern Michigan MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







