2 great multi-unit income producing properties located in the heart of Petoskey. 4 residential units. 3 residential units are 2 bedrooms and 1 bathroom and the other is 1 bedroom 1 bath. 3 commercial spaces fronting US 31 provide great public business exposure. All units have great bones and are located just 3 blocks from the hospital, 4 blocks from downtown shopping and restaurants, 3 blocks from the famed Little Traverse Wheelway bike path, 3 blocks from waterfront parks and 3 blocks from the Bear River recreational park trails. Zoned B-3 which allows for 2nd floor residential units to be short term vacation rentals adding income potential.
For sale
$595,000
315 & 319 W Mitchell St, Petoskey, MI 49770
7beds
4baths
2,994sqft
Est.:
Other
Built in 1900
-- sqft lot
$-- Zestimate®
$199/sqft
$-- HOA
What's special
- 329 days
- on Zillow |
- 301 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 09:02am
Listed by:
Real Estate One 231-347-6200
Source: Northern Michigan MLS,MLS#: 473999

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Natural Gas, Forced Air
Appliances
- Included: Range, Refrigerator
Features
- Basement: Partial,Full
Interior area
- Total structure area: 5,194
- Total interior livable area: 2,994 sqft
Property
Lot
- Size: 0.28 Acres
- Dimensions: 125 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
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $199/sqft
- Date on market: 6/1/2024
- Total actual rent: 4000
- Loading
- Loading