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    Mixed-Use Building with Rental Micro-Units
    Updated: Jun 11
    Mixed-Use Building with Rental Micro-Units

    525 W Mitchell St, Petoskey, MI 49770

    Contact for pricing
    22,405 sqft
    Commercially zoned B3 property in Petoskey with approximately 10,580 sq ft of rental opportunity
    Across the street from a regional hospital; walkable to downtown restaurants and waterfront
    Includes 16 micro rental units, plus 2 large commercial spaces for office/retail
    On‑site house with back yard: 2 bed, 2 bath plus 1‑car garage, and basement storage described as clean & dry
    Recent capital expenditures include a $90K roof and new windows, vanities, and sinks in small units
    View details
    See what stands out in Emmet County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Petoskey, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Restored Mixed-Use Building
    Restored Mixed-Use Building

    211 Bridge, Charlevoix, MI 49720

    $3,995,000
    10,500 sqft

    Commercially zoned property combines street-level retail with short-term rental apartments.

    View details
    Three-Building Apartment Compound
    Three-Building Apartment Compound

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft 2.00 AC lot

    Leased residential units occupy a flexible multifamily layout with approved capacity for additional occupancy.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    123 North Bailey Street, Cheboygan, MI 49721

    $399,000
    16,718 sqft

    Commercially zoned property with rear paved parking, an attached garage, and storage space.

    View details
    6-Unit Apartment Building
    6-Unit Apartment Building

    123 N BAILEY STREET, Cheboygan, MI 49721

    $399,000

    Attached garage, storage, basement space, and paved rear parking support the property’s residential configuration.

    View details

    Petoskey, MI Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Petoskey, MI on our real estate platform. These investment opportunities span a total of 22,405 square feet of properties for sale.

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    Demographics Overview

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

    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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    Featured Petoskey Real Estate Agencies

    Realmo connects you with licensed Petoskey CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Petoskey Real Estate Group
    2206 Mitchell Park Drive, Unit 10 Petoskey, MI 49770
    Phone: 12314099119
    petoskeyregroup.com/

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