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Commercial For Sale
525 W Mitchell
Petoskey, Michigan 49770
Emmet County Water View: YesCommunity:
$1,997,000
18 br, 18.0 bath
10580 sq. ft.
0.000 acres
525 W. Mitchell St. & 516 Monroe St. A Rare Investment Opportunity in the Heart of Petoskey, Michigan...home of spectacular sunrises and sunsets, iconic downtown, friendly neighbors, find it all here. Across the street from a regional hospital, walkable to downtown restaurants, waterfront, and more. Your dream investment opportunity starts here... and it provides you with a place to live as well....look no further, it's all right here. It's a place to live with your family, while managing on-site rentals; employee housing, with income from a commercial business/office space. A Boutique hotel? Plus a house for additional income, or make it your own residence for when you spend time in Northern Michigan. This unique/versatile commercially zoned property across from a regional hospital in Petoskey, zoned COP-B-3 & RM-2, with approximately 10,580 sq ft. of rental opportunity, includes: House w/back yard, 2B, 2B & 1 Garage, 16 micro rental units w/bath, 2 large commercial spaces for office/retail. Basement storage, clean & dry. Security system, city water & sewer, wi-fi available. Off street parking for approx. 10 cars, and commercial laundry room. Recent upgrades: $90K roof, new windows, vanity & sinks in small units. All units occupied and leased. Showings are scheduled weekly as to not disrupt the tenants. Contact Carole scheduling a showing. PRE-QUALIFIED BUYERS ONLY 525 W. Mitchell is an intown Petoskey gem!
Interior:
- Bedrooms: 18
- Baths: 18.0
- Sq Ft: 10580
- Year Built: 0
- Utilities:
- Fireplaces:
- Stories: 1
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.000 acre
- Lot Dimensions:
- View Types: Water
- Yard:
- Siding:
- Roof: Asphalt, Shingle
- MLS #: 478039
Contact Information:
Listing Agent: Carole Griffin, RE/MAX Resort Properties, 231-838-4977, 231-881-9400
Listing Site, Listing Status: Active
Copyright © 2025 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6738554
Viewed 55 times.
Updated: Nov 14, 2025

