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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 2, 2025

Updated 2 weeks 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
Fireplace
Yes
Heating
Yes
Basement
No

Other Property Details

Municipality
Petoskey City
Waterfront
Yes

Also listed on NMMLS

MLS provider logo

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

The IDX display contains information sourced from the Emmet Association of REALTORS® as of 10/6/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/6/2026 at 3:40 AM UTC

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