Movoto Real Estate
Sold on 12/21/2017

300 E Mitchell, Petoskey, MI 49770

  • $3,766,967

    Last sold 12/21/2017 for $2M

  • bed

  • bath

  • 15,671

    Sqft ($128/Sqft)

Other not for sale
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About 300 E Mitchell

Property type Other
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 0.5 Acre
Movoto estimate
Property description
Prime location in downtown Petoskey for this great investment property. Fifth Third bank is doing a sale-leaseback and will lease back 6,489 SF on the main floor of this 2 story downtown building. This will leave 3,503 SF on the main level with separate entrance for a buyer to start their own business, or lease out the additional space. Perfect for retail, restaurant or office. There is 5,679 rentable square feet of office space on the second floor available as well. The 9,407 SF basement was built out with offices, but is currently used as storage. High ceilings, prime location and the income from the bank lease make this a great investment opportunity!
Listed by
Listing Agent - Daniel J Stiebel
Listing Agent Contact: 231-929-2300
Listing Office - Coldwell Banker Schmidt-522
Source: Northern Great Lakes Regional MLS mls logo
MLS#1837359 • last updated 8 years ago
Movoto checked Northern Great Lakes Regional MLS for data 11 minutes ago
Overview
Cooling/AC Natural Gas
Status Sold Co-op Non-Member
Township Petoskey
Class Commercial
Type of Ownership Bank Owned
Type Mixed Use
Approx Year Built 1969
Vacant Land No
Section # 6
Lot Dimensions 150' X 145'
Total FINISHED SF Apx 15671
Number of Acres 0.5
Asking Price 1950000
Address Direction E
Directions Downtown Petoskey On The Corner Of Mitchell Street & Petoskey Street
Interior
Liv Rm Width Apx For Sale
Din Rm Level No
Liv Rm Floor Covering No
UNIVS DESIGN/BARRIER FREE No Steps Entry
Exterior
ROOF Membrane
Year Remodeled 2013
Year Updated 2013
Amenities / Utilities
ECO Features No
SEWER Municipal
WATER Municipal Water
Location
Deeded Waterfront No
ROAD Public Maintained
$3.76M
Range: $3.39M-$4.14M
Last 30 days 
  • Dec 2017
    mls logo MLS # 1837359
  • Dec 22, 2017 Sold
    $2,000,000 (+2.6%)
  • Aug 21, 2017 Listed
    $1,950,000
  • 300 E Mitchell
    $2M
  • Mi
  • 49770
    $2.89M +496% y/y
  • Petoskey
    $537K +10% y/y
No chart available
Statistics calculated by Movoto

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8/10
Petoskey High School
public Grades 9-12
Public Schools Of Petoskey
Source: GreatSchools.org © 2026. All rights reserved.

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