Advertise
    Petoskey, MI
    Multifamily

    Petoskey, MI Multifamily Properties for Sale

    Notify Me
    List
    Map
    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
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    525 W Mitchell St, Petoskey, MI 49770

    View Property Analytics

    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $177K
      Annual

    • Mortgage

      $450K
      Aug 2020
    View Property Analytics
    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.
    View details
    Mixed-Use Building with Office
    Mixed-Use Building with Office

    602 Jackson Street, Petoskey, MI 49770

    $564,900
    2,329 sqft

    Three-unit property includes a leased professional office and two upgraded 1-bedroom apartments.

    View details
    Remodeled Duplex with Private Entrances
    Remodeled Duplex with Private Entrances

    415 Liberty Street, Petoskey, MI 49770

    $559,900
    2,318 sqft

    Updated duplex offers two separate units with private entrances and in-unit laundry for flexible owner or tenant use.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Duplex with Two Separate Units
    Duplex with Two Separate Units

    513 Liberty St, Petoskey, MI 49770

    $340,000
    1,816 sqft

    Duplex offering a three-bedroom main-level unit and a remodeled one-bedroom upper unit, plus a one-car garage and off-street parking.

    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 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 with Rooftop
    Historic Mixed-Use Building with Rooftop

    211 Bridge, Charlevoix, MI 49720

    $3,995,000
    10,500 sqft

    Restored brick mixed-use property with retail space, multiple apartments, and a rooftop gathering area with plunge pool.

    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
    Waterfront Multi-Use Investment Opportunity
    Waterfront Multi-Use Investment Opportunity

    204 Water St, East Jordan, MI 49727

    $4,999,000
    3.40 AC lot

    3.4 acres with 360' Lake Charlevoix waterfront, prime location.

    View details
    Multi-Use Waterfront Property
    Multi-Use Waterfront Property

    204 Water Street, East Jordan, MI 49727

    $4,999,000
    19,845 sqft 3.40 AC lot

    Eight parcels totaling 3.4 acres with 360 feet of Lake Charlevoix waterfront, including event, warehouse, rentals, and office/retail buildings.

    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.

    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

    View details
    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

    View details
    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

    View details
    Private Campground Lot with Hookups
    Private Campground Lot with Hookups

    4537 Pine Run, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

    View details

    Petoskey, MI Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Petoskey, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 39,448 square feet of properties for sale, with an estimated market value of $5,264,800.

    Sale prices for multifamily properties in Petoskey, MI start at $340,000, averaging $1,052,960, 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.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2
    Duplexes 2
    Short term rental properties 1

    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 $1.2M

    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)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Petoskey, MI

    Popular Categories

    Most Searched ZIP Codes in Petoskey, MI

    • 49770

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!