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    Petoskey, MI Residential Income Properties 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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    Remodeled Duplex in Prime Location
    $559,900
    2,318 SF
    Remodeled Duplex in Prime Location

    415 Liberty, Petoskey, MI 49770

    Updated duplex near Gaslight district, shopping, and recreation.
    • Prime location in downtown Petoskey, steps from the Gaslight district, shopping, dining, and the Bear River path.
    • Updated and renovated in 2016.
    • Two separate units, ideal for rental income or owner occupancy.
    • Upper unit features three bedrooms and two full baths with in‑unit laundry.
    • Lower unit includes one bedroom plus a den, one full bathroom, and in‑unit laundry.
    Updated: Apr 14
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    Petoskey Multifamily Investment Opportunity
    $850,000
    Petoskey Multifamily Investment Opportunity

    Well-maintained 6-unit multifamily property near downtown Petoskey.

    524 State St, Petoskey, MI 49770

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 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.

    Commercial Development Parcel with Road Frontage
    $995,000
    2,005 SF
    Commercial Development Parcel with Road Frontage

    Commercial-zoned parcel with substantial road frontage, city sewer access, and multiple existing improvements for varied uses.

    1314/1316 Boyne Avenue, Boyne City, MI 49712

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    Commercial Land with Road Frontage
    $995,000
    2,500 SF
    Commercial Land with Road Frontage

    1.89-acre commercial parcel with substantial M-75 frontage, city sewer access, and two income-producing residences plus outbuilding.

    1314/1316 M-75, Boyne City, MI 49712

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    Vanderbilt Multi-Unit Investment Opportunity
    $280,000
    Vanderbilt Multi-Unit Investment Opportunity

    Multi-unit property with income potential in downtown Vanderbilt.

    566 E MAIN STREET, Vanderbilt, MI 49795

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    Furnished Triplex with Storage Outbuildings
    $185,900
    Furnished Triplex with Storage Outbuildings

    Three-unit triplex with recent exterior and interior upgrades, plus new septic and onsite storage suited for mid-term furnished rentals.

    351 W Main St, Vanderbilt, MI 49795

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    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.

    Petoskey Development Site with Bay Views
    $369,000
    Petoskey Development Site with Bay Views

    Development site with panoramic bay views, suitable for mixed-use projects.

    4367 Charlevoix Ave, Petoskey, MI 49770

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    55 Acres Near Pickeral Lake
    $568,000
    55.42 Acres
    55 Acres Near Pickeral Lake

    55-acre land parcel zoned for residential, farm, and forest use.

    4281 Pickeral Lake Road, Petoskey, MI 49770

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    Land with Panoramic Bay Views
    $199,900
    2.66 Acres
    Land with Panoramic Bay Views

    2.66 acre lot with views of Little Traverse Bay.

    Harbor Springs, MI 49740

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    Residential Land in Oaks of Walloon
    $34,400
    0.98 Acres
    Residential Land in Oaks of Walloon

    One-acre parcel in a desirable, peaceful association near Petoskey.

    TBD Ash, Petoskey, MI 49770

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    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
    Lot: 55.42 Acres
    Value Estimation by Request

    4281 Pickeral Lk Rd, Petoskey, MI 49770

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    Petoskey, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 4 residential income properties for sale in Petoskey, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,898 square feet of properties for sale, with an estimated market value of $2,489,900.

    Sale prices for residential income properties in Petoskey, MI start at $559,900, averaging $1,244,950, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 4
    Apartment buildings 2
    Duplexes 2

    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 $1.1M

    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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