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4 Beds
5 Baths
3,850 sqft

$345,000

319 W Mitchell Street, Petoskey MI, 49770

Price per sqft$89.61
Built in1900
Property size3,850 sqft
Property typeMulti-family

Overview

Active

Listed May 1, 2025

Updated 11 days ago

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.

$2,295/mo

Est. mortgage payment based on a $345,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
476298

Interior Features

Bedrooms
4
Bathrooms
5
Heating
Yes
Basement
Yes

Listed by Amanda Conklin with Real Estate One
Listing Contact: [email protected] 

Based on information from Northern Michigan MLS. Data last updated 10/6/2026. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Crane Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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