United StatesMichiganPetoskey315 & 319 W Mitchell Street

315 & 319 W Mitchell Street
315 & 319 W Mitchell Street Petoskey, Michigan 49770 United States

$665,000
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Great Commercial/Residential opportunity (employee housing?) directly between Downtown Petoskey and McLaren Northern Michigan Hospital in the popular B-3 Zoning corridor. With 125 feet of prime, high traffic, road frontage on US 31/131 covering...
7
Bedrooms
4
Full Baths
Commercial
Property type
1900
Year Built
467373
Web Id
467373
MLS ID
Public Schools of Petoskey
School District
187
days ago

About 315 & 319 W Mitchell Street

Great Commercial/Residential opportunity (employee housing?) directly between Downtown Petoskey and McLaren Northern Michigan Hospital in the popular B-3 Zoning corridor. With 125 feet of prime, high traffic, road frontage on US 31/131 covering two different parcels with ingress and egress from both the front and the rear, the opportunities here are diverse. Currently operated as 4 long-term residential rentals with 3 road frontage commercial units, the next consumer could continue operating in the same fashion or potentially reconstruct on one site and create ample parking adjacent, or maybe build two new structures on each Tax ID. Residential Units have great ceiling heights, some water views and are all 2 bedroom 1 bath. An easy walk to downtown or the waterfront with loads of potential for long-term investment success and on the main thoroughfare through Petoskey, the anchor of the Little Traverse Bay Region of Northern Michigan.

PROPERTY INFORMATION

Basement
Block, Partial
Sewer
City
Water
City
Waterfront
Neither

EXTERIOR

Roofing
Asphalt Shingle

ADDITIONAL INFORMATION

Number of Units
7
This Petoskey Commercial is for Sale at $665,000 and was built in 1900. Has and it's composed from 7 bedrooms, 4 full baths.

 

Listing Courtesy of Gaslight Group Properties
Listing Courtesy of Gaslight Group Properties
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