575 W Mitchell Street Petoskey, MI ^$ 500,000

575 W Mitchell Street

^$ 500,000

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575 W Mitchell Street

Petoskey, MI, 49770

^$ 500,000

Bedrooms-- Baths-- Sq 2,000

Monthly Estimate*

^$ 3,119

575 W Mitchell Street, Petoskey, MI 49770 - Image 1

575 W Mitchell Street, Petoskey, MI 49770 - Image 2

575 W Mitchell Street, Petoskey, MI 49770 - Image 3

575 W Mitchell Street, Petoskey, MI 49770 - Image 4

575 W Mitchell Street, Petoskey, MI 49770 - Image 5

575 W Mitchell Street, Petoskey, MI 49770 - Image 6

575 W Mitchell Street, Petoskey, MI 49770 - Image 7

575 W Mitchell Street, Petoskey, MI 49770 - Image 8

575 W Mitchell Street, Petoskey, MI 49770 - Image 9

575 W Mitchell Street, Petoskey, MI 49770 - Image 10

Commercial Property for sale in Petoskey, MI

for $500,000. This 2,000 square foot building was built in 1980 on a lot size of 0.27.

Great opportunity to purchase this highly visible redevelopment property in Petoskey near the corner of US-31 and US-131. Located close to McLaren Hospital and directly across the street from the new Panera Bread-anchored shopping center redevelopment. Formerly an auto repair shop, this property is a blank slate and ready for a new owner to take advantage of it's prime location.

Commercial Active

Price

^$ 500,000

Property Type

Commercial

Taxes

^$ 0

Style

Retail/Commercial

Lot Size

0.27

Year Built

1980

Town/City

Petoskey

County/Region

Emmet

MLS | Web ID

1931458

Features

General

Roof Asphalt

Zoning Retail Commercial Manufacture/Warehouse Automotive Service

Sewer Municipal

Construction Frame

Interior

Basement Slab

Exterior

Exterior Features Aluminum

* Excluded Features

List By

Coldwell Banker Schmidt Traver

Broker

(231) 499-0529

Phone

Affordability Calculator

$3,119

Per Month

Monthly Principal & Interest: $3,119
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Petoskey, MI

Average List Price ^$2,059,333

Percent of Sale Price 312%

About Petoskey, MI

5,638 Population

0% Since 2002

^$40,542 Median Income

38.81 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2034270 Elementary School

2034440 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/14/2025	$500,000		Listed Price

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575 W Mitchell Street, Petoskey, MI, 49770 is a Commercial Property for sale at $500,000 with 2,000 sqft and a lot size of 0.27. 575 W Mitchell Street was built in 1980. The property's zip code is 49770 which is in Petoskey, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern Great Lakes REALTORS® MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/11/2025.

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575 W Mitchell Street

Commercial Property for sale in Petoskey, MI

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