525 W Mitchell Street, Petoskey, MI 49770

Property Description

525 W. Mitchell St. & 516 Monroe St. A Rare Investment Opportunity in the Heart of Petoskey, Michigan…home of spectacular sunrises and sunsets, iconic downtown, friendly neighbors, find it all here. Across the street from a regional hospital, walkable to downtown restaurants, waterfront, and more. Your dream investment opportunity starts here… and it provides you with a place to live as well.…look no further, it’s all right here. It’s a place to live with your family, while managing on-site rentals; employee housing, with income from a commercial business/office space. A Boutique hotel? Plus a house for additional income, or make it your own residence for when you spend time in Northern Michigan. This unique/versatile commercially zoned property across from a regional hospital in Petoskey, zoned COP-B-3 & RM-2, with approximately 10,580 sq ft. of rental opportunity, includes: House w/back yard, 2B, 2B & 1 Garage, 16 micro rental units w/bath, 2 large commercial spaces for office/retail. Basement storage, clean & dry. Security system, city water & sewer, wi-fi available. Off street parking for approx. 10 cars, and commercial laundry room. Recent upgrades: $90K roof, new windows, vanity & sinks in small units. All units occupied and leased. Showings are scheduled weekly as to not disrupt the tenants. Contact Carole to schedule a showing. PRE-QUALIFIED BUYERS ONLY 525 W. Mitchell is an intown Petoskey gem!