$8,289 Closing Credit¹
#475163, Carol Fay, Listing Office: Coldwell Banker Schmidt - Petoskey
$595,000 List price
315 W Mitchell St Petoskey, MI 49770
$7,066
Closing credit¹
5,194 sqft
$115 / sqft
House
Property details
About 315 W Mitchell St
2 great multi-unit income producing properties located in the heart of Petoskey. 4 residential units. 3 residential units are 2 bedrooms and 1 bathroom and the other is 1 bedroom 1 bath. 3 commercial spaces fronting US 31 provide great public business exposure. All units have great bones and are located just 3 blocks from the hospital, 4 blocks from downtown shopping and restaurants, 3 blocks from the famed Little Traverse Wheelway bike path, 3 blocks from waterfront parks and 3 blocks from the Bear River recreational park trails. Zoned B-3 which allows for 2nd floor residential units to be short term vacation rentals adding income potential.
Highlights
Home typeOther
HeatingNatural Gas, Forced Air
StatusActive
Size5,194 sqft
BasementYes
Year built1900
MLS #473999
Summary
- MLS Number: 473999
- Office Name: Real Estate One
- Listing Agent: Amanda Conklin
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information 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 about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 5:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$595,000
315 W Mitchell St
$7,066
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $112,400 | $- |
| 2023 | $84,500 | $- |
| 2022 | $79,800 | $- |
| 2021 | $72,200 | $- |
| 2020 | $56,500 | $- |
| 2019 | $55,400 | $- |
| 2018 | $56,300 | $- |
| 2017 | $47,700 | $- |
History based on county public records data.
Nearby schools
9
Lincoln School
Public Magnet KG-5
0.3 mi
•616 Connable Ave
7
Central Elementary School
Public Magnet KG-5
0.5 mi
•410 State St
8
Sheridan School
Public Magnet KG-5
0.8 mi
•1415 Howard St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,471. Residents of Petoskey, MI typically earn less than $<35k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
38%
<35k
34%
35k-100k
13%
100k-200k
15%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
7%
Single, with Kids
29%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
21%
18-34 yrs old
38%
35-64 yrs old
24%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
PGA/LPGA
Pro Wrestling
Where do the neighbors shop?
Kmart
Stein Mart
Family Dollar
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Arbys
What do the neighbors drive?
Buick
Lincoln
Ford
What do the neighbors listen to?
Oldies
News/Talk/Information
New Country
All data provided by Home Junction and Claritas
Similar homes for sale
$7,718 Closing Credit¹
#474697, Clinton Shuman, Listing Office: Real Estate One
$5,807 Closing Credit¹
#474911, Beth Flynn, Listing Office: @properties Christie's International Real Estate - Petoskey
$4,453 Closing Credit¹
#473997, Amanda Conklin, Listing Office: Real Estate One
$4,744 Closing Credit¹
#475324, Cam Braddock, Listing Office: Gaslight Group Properties
3D tour
$9,499 Closing Credit¹
#474730, Pete Platte, Listing Office: Gaslight Group Properties
3D tour
$10,000 Closing Credit¹
#474250, Patrick Leavy, Listing Office: Kidd & Leavy Real Estate Co. LLC
$32 Closing Credit¹
#475768, Davis LaBelle, Listing Office: Pat O'Brien & Associates - Boyne City
3 days on Rocket
$12 Closing Credit¹
#475921, Jazmin Harris, Listing Office: Van Treese Management LLC
$5,332 Closing Credit¹
#475830, Davis LaBelle, Listing Office: Pat O'Brien & Associates - Boyne City
Frequently asked questions
About 315 W Mitchell St
This home is located at 315 W Mitchell St in Petoskey, MI and zip code 49770. This 5,194 square foot home was built in 1900. Features: 0 bathroom. It has been listed on Rocket Homes since June 1, 2024 and is currently priced at $595,000.
In February 2025, from all listings sold in Petoskey, MI there were more than 1 sold above asking price, over 9 sold below and more than 6 were sold right at the asked price. Between January and February 2025, Petoskey, MI real estate market has seen increase in the number of listings by 10%.
From Rocket Homes Real Estate and based on county public records data.