$1,295,000

120 E Lake, Petoskey MI, 49770

Price per sqft$339.45

Property size3,815 sqft

Property typeCommercial

Overview

Active

Listed Oct 13, 2022

Updated May 31

This newly renovated tri-plex is a multi family opportunity. In the heart of the downtown, no better location is out there! Outstanding views paired with the best location, makes this desirable listing one that will sell quickly. There are three beautifully appointed units. The first floor is a two bedroom two bath, with an open floor plan. Our second unit is a three bedroom, three bath with an open floor plan and very unique front and center turret room. Such a lovely place to read a book and enjoy the view. While the third unit is a one bedroom one bath unit, it has the beautiful views we all desire in this lovely area we call home. So much opportunity for the investor or homeowner who wants to live in one unit and rent out the other two. And so much opportunity for the lucky few that get to live near the marina and walk to downtown Petoskey for dinner! Beards Brewery is a hop skip and a jump home!!

Additional information

MLS^® ID: 469779

Interior Features

Bedrooms: 6
Bathrooms: 6
Heating: Yes
Basement: No

Other Property Details

Taxes: $3,815
Tax Frequency: Annually
Waterfront: Yes

Listed by Jane Fisher with Gaslight Group Properties
Listing Contact: Main: 231-347-7300

The IDX display contains information sourced from the Emmet Association of REALTORS® as of 5/31/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 5/31/2026 at 3:38 AM UTC