Fantastic income producing property with 2 residential units and 3 commercial units. Both residential units are 2 bedrooms and 1 bath. Each commercial space has a private bathroom and fronts US Hwy 31 providing great business exposure to public. 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 the 2nd floor residential units to be short term vacation rentals adding income potential. Duplex next door at 315 W Mitchell St. is also available for sale by same owner.
For sale
$375,000
319 W Mitchell St, Petoskey, MI 49770
4beds
4baths
3,850sqft
Est.:
Other
Built in 1900
-- sqft lot
$-- Zestimate®
$97/sqft
$-- HOA
What's special
Private bathroom
- 329 days
- on Zillow |
- 551 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: March 06, 2025 at 06:56am
Listed by:
Real Estate One 231-347-6200
Source: Northern Michigan MLS,MLS#: 473997

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $97/sqft
- Date on market: 6/1/2024
- Total actual rent: 2400
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