# 525 W Mitchell Street, Petoskey, MI 49770 > **TL;DR:** commercial, $1,870,000 ($177/sqft), 10,580 sqft. Est. $10,001/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,870,000 | | Price/sqft | $177 | | Square Feet | 10,580 | | Property Type | Commercial (Office) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $9,456 | | Estimated Insurance | $545 | | **Total** | **$10,001** | ## 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 to schedule a showing. PRE-QUALIFIED BUYERS ONLY 525 W. Mitchell is an intown Petoskey gem! ## Location - **Address:** 525 W Mitchell Street, Petoskey, MI 49770 - **County:** Emmet ## Listing Agent - **Name:** Carole Griffin - **Brokerage:** RE/MAX Resort Properties - **Phone:** 2318384977 - **Broker Phone:** (231) 582-2400 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/NMIMLS/478039/?channel=propsimple) ## Photos ![525 W Mitchell Street - Photo 1](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f323494866r.jpg) ![525 W Mitchell Street - Photo 2](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3524874489r.jpg) ![525 W Mitchell Street - Photo 3](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2895685365r.jpg) ![525 W Mitchell Street - Photo 4](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f1804441949r.jpg) ![525 W Mitchell Street - Photo 5](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f4180898826r.jpg) ![525 W Mitchell Street - Photo 6](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3890978701r.jpg) ![525 W Mitchell Street - Photo 7](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f920592522r.jpg) ![525 W Mitchell Street - Photo 8](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f813192582r.jpg) ![525 W Mitchell Street - Photo 9](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f1109027349r.jpg) ![525 W Mitchell Street - Photo 10](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f49346199r.jpg) ![525 W Mitchell Street - Photo 11](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2271267683r.jpg) ![525 W Mitchell Street - Photo 12](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f4123432750r.jpg) ![525 W Mitchell Street - Photo 13](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3276288185r.jpg) ![525 W Mitchell Street - Photo 14](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f840801885r.jpg) ![525 W Mitchell Street - Photo 15](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f943259485r.jpg) ![525 W Mitchell Street - Photo 16](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2546674687r.jpg) ![525 W Mitchell Street - Photo 17](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f42139802r.jpg) ![525 W Mitchell Street - Photo 18](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2057800286r.jpg) ![525 W Mitchell Street - Photo 19](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3587337406r.jpg) ![525 W Mitchell Street - Photo 20](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3693172016r.jpg) ![525 W Mitchell Street - Photo 21](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3860252905r.jpg) ![525 W Mitchell Street - Photo 22](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f1509886743r.jpg) ![525 W Mitchell Street - Photo 23](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f1494159856r.jpg) ![525 W Mitchell Street - Photo 24](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3412375288r.jpg) ![525 W Mitchell Street - Photo 25](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f897913716r.jpg) ![525 W Mitchell Street - Photo 26](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2300092332r.jpg) ![525 W Mitchell Street - Photo 27](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2893444968r.jpg) ![525 W Mitchell Street - Photo 28](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3651910952r.jpg) ![525 W Mitchell Street - Photo 29](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2910862043r.jpg) ![525 W Mitchell Street - Photo 30](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f1606737421r.jpg) ![525 W Mitchell Street - Photo 31](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3440164282r.jpg) ![525 W Mitchell Street - Photo 32](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3352206205r.jpg) ![525 W Mitchell Street - Photo 33](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f737726903r.jpg) ![525 W Mitchell Street - Photo 34](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f2180406446r.jpg) ![525 W Mitchell Street - Photo 35](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3387326896r.jpg) ![525 W Mitchell Street - Photo 36](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f4065297774r.jpg) ![525 W Mitchell Street - Photo 37](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f442869931r.jpg) ![525 W Mitchell Street - Photo 38](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3214518085r.jpg) ![525 W Mitchell Street - Photo 39](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3372924769r.jpg) ![525 W Mitchell Street - Photo 40](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f1839398658r.jpg) ![525 W Mitchell Street - Photo 41](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f3384378461r.jpg) ![525 W Mitchell Street - Photo 42](http://lh.rdcpix.com/ca4a2a953bf261102faf742fdfb00b27l-f1588600244r.jpg) --- **MLS#:** 478039 | **Updated:** 2026-08-28 **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.ai/listing/525-w-mitchell-street-petoskey-mi-49770-s478039) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/525-w-mitchell-street-petoskey-mi-49770-s478039#listing", "url": "https://www.propertysimple.ai/listing/525-w-mitchell-street-petoskey-mi-49770-s478039", "name": "525 W Mitchell Street, Petoskey, MI 49770", "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. 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