$7,066 Closing Credit¹
#473999, Amanda Conklin, Listing Office: Real Estate One
$649,900 List price
425 Madison St Petoskey, MI 49770
$7,718
Closing credit¹
6,728 sqft
$97 / sqft
House
Property details
About 425 Madison St
Fantastic opportunity to own a mixed-use income producing property in the city limits of Petoskey. The property consists of a commercial store front, and 4 residential rental units. The commercial space is currently occupied by the owner and is 2350 square feet. The space would be ideal for any contractor type business. The residential units consist of a duplex with a 3-bedroom apartment and a studio apartment as well as a separate 28X40 garage. The next unit is a newly remodeled 1-bedroom unit above a 2-car garage. The last unit is a free standing 4-bedroom home with new roof. All units are fully occupied with long term tenants that would like to continue renting. See listing agent for further details.
Highlights
Home typeOther
HeatingNatural Gas, Forced Air
StatusActive
Size6,728 sqft
BasementYes
MLS #474697
Garage3 spaces
Summary
- MLS Number: 474697
- Office Name: Real Estate One
- Listing Agent: Clinton Shuman
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: 3/13/2025, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$649,900
425 Madison St
$7,718
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 | $146,800 | $- |
| 2023 | $127,700 | $- |
| 2022 | $117,800 | $- |
| 2021 | $111,600 | $- |
| 2020 | $87,300 | $- |
| 2019 | $77,100 | $- |
| 2018 | $80,300 | $- |
| 2017 | $72,100 | $- |
History based on county public records data.
Nearby schools
9
Lincoln School
Public Magnet KG-5
0.2 mi
•616 Connable Ave
7
Central Elementary School
Public Magnet KG-5
0.6 mi
•410 State St
8
Sheridan School
Public Magnet KG-5
0.9 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. The most common annual income of people living in Petoskey, MI is less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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
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Frequently asked questions
About 425 Madison St
This home is located at 425 Madison St in Petoskey, MI and zip code 49770. Features: 0 bathroom. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $649,900.
Petoskey, MI housing market in February 2025 saw over 1 listings sold above listed price, more than 6 sold at listed price and over 9 sold below. The inventory of homes for sale in Petoskey, MI between January and February 2025 increased by 10%.
From Rocket Homes Real Estate and based on county public records data.