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    Petoskey, MI
    Mixed-Use

    Petoskey, MI Mixed-use Properties for Sale

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    Harbor Springs, MI Alanson, MI Boyne Falls, MI Boyne City, MI Charlevoix, MI Brutus, MI Pellston, MI East Jordan, MI
    Mixed-Use Building with Rental Micro-Units
    Updated: Jun 11
    Mixed-Use Building with Rental Micro-Units

    525 W Mitchell St, Petoskey, MI 49770

    $1,930,000
    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
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    This listing looks promising.

    Here's a quick look at some key insights for

    525 W Mitchell St, Petoskey, MI 49770

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $177K
      Annual

    • Mortgage

      $450K
      Aug 2020
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    Mixed-Use Building with Commercial Space
    Updated: Jul 2
    Mixed-Use Building with Commercial Space

    525 W Mitchell Street, Petoskey, MI 49770

    $1,870,000
    10,580 sqft
    Approximately 10,580 sq ft Petoskey commercially zoned property at 525 W. Mitchell St. & 516 Monroe St.
    Across from a regional hospital; zoned COP‑B‑3 and RM‑2.
    16 micro rental units with bath plus two large commercial spaces for office/retail.
    Recent upgrades include a $90K roof and new windows, plus vanity and sinks in small units.
    All units are occupied and leased; basement storage is clean and dry.
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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Petoskey, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

    Mixed-Use Property in Downtown Gaylord
    Mixed-Use Property in Downtown Gaylord

    139-147 W. Main Street |, Gaylord, MI 49735

    $1,725,395
    15 sqft

    Three-story mixed-use property with office, retail, and restaurant spaces.

    View details
    Mixed-Use Building with Office
    Mixed-Use Building with Office

    1301 Bridge Street, Charlevoix, MI 49720

    $349,000
    1,989 sqft

    Commercial office space on main level with a two-bedroom apartment above for flexible live-work or income use.

    View details
    Historic Mixed-Use Building with Retail
    Historic Mixed-Use Building with Retail

    211 Bridge Street, Charlevoix, MI 49720

    $3,995,000
    10,500 sqft

    Restored 1915 building offering street-level retail and multiple renovated apartment units, including short-term rentals and rooftop amenities.

    View details
    Downtown Gaylord Mixed-Use Building
    Downtown Gaylord Mixed-Use Building

    144 W Main Street, Gaylord, MI 49735

    $325,000
    4,822 sqft

    Commercial building with mixed-use potential and ample parking.

    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.

    Commercial Development Site on Bluff
    Commercial Development Site on Bluff

    4367 Charlevoix Ave, Petoskey, MI 49770

    $369,000

    Bluff-top commercial lot with prior assisted-living approval and utility access, offering bay and Beaver Island views.

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    Gently Sloped Commercial-Ready Lot
    Gently Sloped Commercial-Ready Lot

    US 31 S, Charlevoix, MI 49720

    $110,000
    1.34 AC lot

    A 1.34-acre wooded site with utility access options in a mixed residential and commercial planning area.

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    Elmira Land Parcel on Woodward
    Elmira Land Parcel on Woodward

    V/L 1.6AC Woodward Avenue, Elmira, MI 49730

    $63,900
    1.60 AC lot

    1.6-acre parcel with meadow and woods near M-32 Highway.

    View details
    Mixed-Use Development Site with Theatre
    Mixed-Use Development Site with Theatre

    4160 M-72 E, Williamsburg, MI 49690

    $1,995,000
    12,259 sqft 4.35 AC lot

    Shovel-ready mixed-use parcel with fully developed utilities and an included former dinner theatre building.

    View details

    Off-Market Properties in Petoskey, MI

    Consider similar Off-Market properties in Petoskey, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4281 Pickeral Lk Rd
    Mixed-use properties

    4281 Pickeral Lk Rd, Petoskey, MI 49770

    Value Estimation by Request
    55.42 AC lot
    View details

    Petoskey, MI Mixed-Use Properties Market Trends and Statistics

    Explore 3 mixed-use properties for sale in Petoskey, MI on our real estate platform. These investment opportunities span a total of 32,985 square feet of properties for sale, with an estimated market value of $3,800,000.

    Sale prices for multi use buildings in Petoskey, MI start at $1,870,000, averaging $1,900,000, 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 $1.9M

    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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