About 319 W Mitchell Street
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.
Features of 319 W Mitchell Street
| MLS® # | 476298 |
|---|---|
| Price | $365,000 |
| Square Footage | 3,850 |
| Year Built | 1900 |
| Type | MULTI-FAMILY |
| Sub-Type | Multifamily |
| Status | Active |
Community Information
| Address | 319 W Mitchell Street |
|---|---|
| City | Petoskey |
| County | Emmet |
| State | MI |
| Zip Code | 49770 |
Amenities
| Features | Cable, Range, Refrigerator |
|---|---|
| # of Garages | 0.0 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Partial |
Exterior
| Lot Description | 75X98 |
|---|---|
| Windows | Wood Sash |
| Roof | Asphalt Shingles |
| Construction | Wood Frame |
School Information
| District | Petoskey |
|---|
Additional Information
| Zoning | B-3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Real Estate One |
|---|---|
| Contact Info | amanda@reopetoskey.com |