319 W Mitchell St Petoskey, MI 49770
Estimated payment $2,360/month
Highlights
- Water Views
- Forced Air Heating System
- 2-minute walk to Bear River Recreation Area
- Wood Frame Window
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 3,850 Sq Ft Home
- Wood Frame Window
- Water Views
- Partial Basement
- Range
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Additional Features
- Lot Dimensions are 75x98
- Ground Level
Listing and Financial Details
- Assessor Parcel Number 52-19-06-127-054
Community Details
Overview
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 3 Separate Water Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,698 | $190,900 | $190,900 | $0 |
| 2024 | $45 | $171,000 | $171,000 | $0 |
| 2023 | $4,278 | $157,300 | $157,300 | $0 |
| 2022 | $4,278 | $148,500 | $148,500 | $0 |
| 2021 | $4,156 | $142,000 | $142,000 | $0 |
| 2020 | $4,166 | $117,100 | $117,100 | $0 |
| 2019 | -- | $106,600 | $106,600 | $0 |
| 2018 | -- | $109,100 | $109,100 | $0 |
| 2017 | -- | $100,800 | $100,800 | $0 |
| 2016 | -- | $95,700 | $95,700 | $0 |
| 2015 | -- | $92,500 | $0 | $0 |
| 2014 | -- | $90,300 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | For Sale | $365,000 | -- | $95 / Sq Ft |
Source: Northern Michigan MLS
MLS Number: 476298
APN: 52-19-06-127-054
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Ask me questions while you tour the home.