# 525 W Mitchell, Petoskey, MI 49770

> **TL;DR:** 18bd/18ba commercial, $1,930,000 ($182/sqft), 10,580 sqft.
> View, Basement. Est. $8,363/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,930,000 |
| Price/sqft | $182 |
| Bedrooms | 18 |
| Bathrooms | 18 full |
| Square Feet | 10,580 |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,363 |
| **Total** | **$8,363** |

## Key Amenities

- View
- Basement

## Description

### Agent 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 scheduling a showing. PRE-QUALIFIED BUYERS ONLY  525 W. Mitchell is an intown Petoskey gem!

## Location

- **Address:** 525 W Mitchell, Petoskey, MI 49770
- **County:** Emmet

## Listing Agent

- **Name:** Carole Griffin
- **Brokerage:** @properties Christie's International Real Estate - Petoskey
- **Phone:** 2318384977
- **Email:** carolegriffin@atpropertiesremi.com

## Primary Photo

![525 W Mitchell - Primary Photo](http://lh.rdcpix.com/a256d06990ac3f7ab012db268ace0090l-f323494866r.jpg)

*42 total photos available on [listing page](https://www.propertysimple.com/listing/525-w-mitchell-petoskey-mi-49770-s478039)*

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**MLS#:** 478039 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/525-w-mitchell-petoskey-mi-49770-s478039)

---

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