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.
For sale
$345,000
319 W Mitchell St, Petoskey, MI 49770
4beds
4baths
3,850sqft
Other
Built in 1900
-- sqft lot
$-- Zestimate®
$90/sqft
$-- HOA
What's special
- 484 days
- 714
- 23
Zillow last checked:
Listing updated:
Listed by:
Amanda Conklin,
Real Estate One 231-347-6200
Source: Northern Michigan MLS,MLS#: 476298
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
HOA
- Has HOA: No
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $90/sqft
- Date on market: 5/2/2025
- Total actual rent: 2400
Estimated market value
Not available
Estimated sales range
Not available
$1,998/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $345,000-5.5%$90/sqft |
Source: | ||
| 5/2/2025 | Listed for sale | $365,000-2.7%$95/sqft |
Source: | ||
| 5/2/2025 | Listing removed | $375,000$97/sqft |
Source: | ||
| 8/26/2024 | Price change | $375,000-7.4%$97/sqft |
Source: | ||
| 6/1/2024 | Listed for sale | $405,000+5.2%$105/sqft |
Source: | ||
| 6/1/2023 | Listing removed | -- |
Source: | ||
| 1/18/2023 | Listed for sale | $385,000$100/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
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.






