Property Details

Description

Don't miss this rare opportunity to own this prime mixed-use investment property in one of Northern Michigan’s most desirable locations. The properties include four residential units and three street-facing commercial spaces, ideally situated just steps from downtown Petoskey’s shops, award-winning restaurants, waterfront parks, and McLaren Northern Michigan Hospital. The three commercial spaces enjoy excellent visibility on a high traffic road, making them ideal for retail, office, or service-oriented businesses. Upstairs, the second-story residential units boast water views and are zoned to allow short-term vacation rentals, providing flexible income potential. The residential units include three 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment, perfect for long-term tenants or short-term guests. With solid bones, high visibility, and endless potential for value-add upgrades or rental optimization, this property is a savvy investment in an unbeatable location. Whether you're looking to expand your portfolio or establish a business in a bustling lakeside town, this mixed-use gem offers the location, flexibility, and upside to make it happen.