$260,000
SOLD APR 21, 2025

00 U S 131 Petoskey, MI 49770

0.93 Acres
$279,570 Price per Acre
40,511 Sq Ft Lot

Recently Sold

21% Below List Price

921 Days on Market

About This Lot

As of April 2025

Prime commercial frontage on US 131 in Petoskey near a bustling business district boasting excellent traffic from McLaren, Meijer, Walmart, Home Depot, and many more. 10,440 Annual Average Daily Traffic count. This parcel is currently in the process of being split from an existing building located at 1601 US 131. Located only 1.4 miles from McLaren Hospital, the parcel is just under 1 acre with +/- 138' of road frontage. Conveniently just 1/4 mile from the Petoskey city limits, a medical and shopping hot-spot for communities across Northwest Michigan, the location is ideal for a business servicing a wider geography and looking for growth. Level building site with easy access to city sewer/water. Call today for additional details and to set up time to walk the property and see if it’s the one for you.

Last Agent to Sell the Property

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 10/13/2022

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

Ashton Clark

Ashton Property Group License #6501418043

Property Details

Property Type

  • Land

Lot Details

  • 40,511 Sq Ft Lot
  • Lot Dimensions are 138 x 296 x 138 x 294
  • Level Lot
  • Landscaped with Trees
  • Property is zoned R-2

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-19-07-300-052

Property Details

Property Type

Land

Lot Details

0.93 Acres

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 10/14/2022
  • Section: 7
  • Road Access: US 131
  • Road Frontage Feet: 172
  • Second Address Number: 00
  • Directions: US 131 1/4 mile south of city limits. Lot is in between Fry Integrative Orthodontics and 4 Front Credit Union and across from Odawa Hotel.
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Electric, Phone, Mixed Trees, Natural Gas, Cable TV, Under Ground Utilities, City Utilities, Shared Access, Paved Road

Exterior Features

  • Waterfront Water Access: Neither

Utilities

  • Sewer: City
  • Water: City

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 138 x 296 x 138 x 294
  • Estimated Number of Acres: 0.93
  • Lot: y
  • Zoning: R-2
  • Deed Restrictions: yes
  • Improvements: Curb Cut
  • Number Of Acres: Under 1
  • Other Permits: Special Use Permit
  • Percent Wooded: 10
  • Terrain: Slow Slope, Flat, Level
  • Zoned Commercial: Yes

Tax Info

  • Assessor Parcel Number: 01-19-07-300-052
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2025 04/21/25 Sold $260,000 -13.0% --
05/02/2024 05/02/24 Price Changed $299,000 -4.8% --
10/30/2023 10/30/23 Price Changed $314,000 -0.3% --
10/27/2023 10/27/23 Price Changed $314,900 -4.6% --
10/13/2022 10/13/22 For Sale $330,000 -- --
Source: Northern Michigan MLS

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 469791

Northern Michigan MLS
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