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

575 W Mitchell Street

^$ 500,000

Back to search

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

Commercial/Industrial

Lot Size

0.27

Year Built

1980

Town/City

Petoskey

County/Region

Emmet

MLS | Web ID

80054821

Features

General

Heating Forced Air

Possession At Close

Roof Asphalt

Water Public Water

Status Active Accepting Backup Offers

Year Built 1980

Subdivision N/A MI

County Emmet

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name N/A

Ownership Private

Municipality Petoskey

Section 6

Zoning Commercial Industrial

Sale/Rent For Sale

Status Detail 3

Commercial Features Bath Overhead Doors

Area Petoskey (24027)

Primary City Petoskey

Directions South on US-31 from Downtown Petoskey property will be on your left right before Charlevoix Ave/US-31 intersection

City Petoskey

Financial Terms Cash Commercial Loan

Legal Description partial from tax ID: COM AT A PT 50'W & 253.3' S OF NW COR OF LOT 1 BLK 10 WEST PARK ADD. TH S 62.7' W 122' M OR L TO US 31 TH NE'LY ALG US 31 62.7' M OR L TO A PT WOF BEG.

DOM 271

Postal Code 49770

Price Per Sq Ft Total AG 250

Public Remarks

Exterior

Exterior Aluminum Frame

Lot Size Area 0.27

Lot Dimensions 240'x130'

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Alex MacKenzie

Listing Agent

Coldwell Banker Schmidt Traver

Broker

alex.mackenzie@cbsrcommercial.com

Affordability Calculator

$3,119

Per Month

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

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

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.

760529 Elementary School

760235 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

Map

More homes like this one

homes for you

See all

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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

575 W Mitchell Street

Commercial Property for sale in Petoskey, MI

Affordability Calculator

Map

More homes like this one

Get more info about this home