315 & 319 W Mitchell Street, Petoskey

$665,000

7 Beds
7 Baths
5,378 Sqft

Great Commercial/Residential opportunity (employee housing?) directly between Downtown Petoskey and McLaren Northern Michigan Hospital in the popular B-3 Zoning corridor. With 125 feet of prime, high traffic, road frontage on US 31/131 covering two different parcels with ingress and egress from both the front and the rear, the opportunities here are diverse. Currently operated as 4 long-term residential rentals with 3 road frontage commercial units, the next consumer could continue operating in the same fashion or potentially reconstruct on one site and create ample parking adjacent, or maybe build two new structures on each Tax ID. Residential Units have great ceiling heights, some water views and are all 2 bedroom 1 bath. An easy walk to downtown or the waterfront with loads of potential for long-term investment success and on the main thoroughfare through Petoskey, the anchor of the Little Traverse Bay Region of Northern Michigan.

Essential Information
MLS® #467373
Price$665,000
Bedrooms7
Bathrooms7.00
Full Baths4
Half Baths3
Square Footage5,378
Acres0.00
Year Built1900
TypeCOMMERCIAL/INDUSTRIAL
Sub-TypeCommercial/Industrial
Community Information
Address315 & 319 W Mitchell Street
CityPetoskey
CountyEmmet
StateMichigan
Zip Code49770
Amenities
UtilitiesTV Cable Available
Features

Refrigerator, Washer, Off-Street Parking, Ample Parking, Cable TV, Natural Gas, Sewer At Road

Interior
HeatingNatural Gas
Has BasementYes
BasementBlock, Partial
StoriesTwo
Exterior
RoofAsphalt Shingle
ConstructionWood Frame
School Information
DistrictPetoskey
Additional Information
ZoningCOP B-3
Listing Details
This (property or listing) is courtesy of Gaslight Group Properties
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