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For sale
  • $365,000

    319 W Mitchell St, Petoskey, MI 49770

    4beds
    4baths
    3,850sqft
    : 
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    Other
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $95/sqft
    $-- HOA

    What's special

    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.
    438 days
    |
    752
    |
    36
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Amanda Conklin,

    Real Estate One 231-347-6200

    Source: Northern Michigan MLS,MLS#: 476298MLS Logo

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      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: $95/sqft
      • Date on market: 5/2/2025
      • Total actual rent: 2400

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,661/mo

        Price history

        DateEventPrice
        5/2/2025Listed for sale$365,000-2.7%$95/sqft
        Source: Northern Michigan MLS #476298 Report a problem
        5/2/2025Listing removed$375,000$97/sqft
        Source: Northern Michigan MLS #473997 Report a problem
        8/26/2024Price change$375,000-7.4%$97/sqft
        Source: Northern Michigan MLS #473997 Report a problem
        6/1/2024Listed for sale$405,000+5.2%$105/sqft
        Source: Northern Michigan MLS #473997 Report a problem
        6/1/2023Listing removed--
        Source: Northern Michigan MLS #470265 Report a problem
        1/18/2023Listed for sale$385,000$100/sqft
        Source: Northern Michigan MLS #470265 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49770

        Getting around

        75 / 100
        Very Walkable
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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