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    Petoskey, MI Apartment Buildings for Sale

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    Harbor Springs, MI Alanson, MI Boyne City, MI
    Commercial Mixed-Use Income Property
    $1,930,000
    10,580 SF
    Commercial Mixed-Use Income Property

    525 W Mitchell, Petoskey, MI 49770

    Mixed-use rental property with micro units plus office/retail space and off-street parking near a regional hospital.
    • Approximately 10,580 sq ft of commercially zoned rental opportunity at 525 W. Mitchell St. & 516 Monroe St.
    • Across the street from a regional hospital and walkable to downtown restaurants and waterfront.
    • 16 micro rental units with bathrooms, all occupied and leased.
    • Two large commercial spaces for office/retail plus a basement with storage that is clean and dry.
    • Off‑street parking for approximately 10 cars, along with a commercial laundry room.
    Updated: Jun 13
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    Petoskey Multifamily Investment Opportunity
    $850,000
    Petoskey Multifamily Investment Opportunity

    524 State St, Petoskey, MI 49770

    Well-maintained 6-unit multifamily property near downtown Petoskey.
    • Very walkable location (Walk Score 88) near downtown, schools, and employment.
    • Stable tenancy with in‑place rent of ~$8,150/month.
    • Recent upgrades including exterior paint, porch rebuild, foundation work, and breezeway update.
    • Mix of renovated units with durable finishes.
    • Strong rental history with opportunity to increase rents.
    Updated: Apr 26
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Petoskey, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Mixed-Use Building in Traverse City
    $1,400,000
    3,250 SF
    Historic Mixed-Use Building in Traverse City

    Unique mixed-use property in prime Traverse City location.

    601 Randolph Street, Traverse City, MI 49684

    View details
    Lake City Multifamily Investment Opportunity
    $420,000
    4,880 SF
    Lake City Multifamily Investment Opportunity

    Turnkey 8-unit multifamily property with expansion potential in Lake City, MI.

    1341 S Lakeshore Drive, Lake City, MI 49651

    View details
    Historic Mixed-Use Building Near West Bay
    $1,400,000
    Historic Mixed-Use Building Near West Bay

    Unique mixed-use property in prime location near shopping and dining.

    601 Randolph St, Traverse City, MI 49684

    View details
    Turnkey Multifamily with Expansion Potential
    $420,000
    2,448 SF
    Turnkey Multifamily with Expansion Potential

    Fully rented 8-unit apartment complex with development potential.

    Lake City, MI 49651

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    View details
    Central Business Zoned Development Land
    $250,000
    0.23 Acres
    Central Business Zoned Development Land

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    107 HOWARD Street, La Plata, MD 20646

    View details
    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF
    Brooklyn Two-Family Home with Development Potential

    Two-family home on a large lot with significant development potential.

    69 Martense Street, Brooklyn, NY 11226

    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details

    Petoskey, MI Apartment Buildings Investment Opportunities Market Analysis

    Explore 2 apartment buildings for sale in Petoskey, MI on our real estate platform. These investment opportunities span a total of 10,580 square feet of properties for sale, with an estimated market value of $1,930,000.

    Sale prices for two-family homes in Petoskey, MI start at $1,930,000, averaging $1,930,000, and reaching up to $1,930,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 18K
    Population Growth (5Y) +4.9%
    Median Household Income $80,431
    College Educated 68.9%

    High-Yield Neighborhoods for Investment

    Identify Petoskey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49770 $850K

    Taxes & Financing

    Tax Rate (average for all types) 2.30%
    Property Tax per SF $9.63 per SF
    Tax Rate vs County Average 1.82 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Emmet County

    New Delisted

    Total CRE Inventory on Market (SF)

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