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$1,100,000

1393 N Us 31
Petoskey, Michigan 49770

Closed / MLS #472802 / Vacant Land / Petoskey
Listing information updated 5/10/2024 at 9:03pm
Welcome to 1393 N. US 31 in Petoskey, Michigan, a prime real estate opportunity that combines both residential and investment potential. This property boasts an expansive 6 acres of land, presenting a blank canvas for lucrative development. Zoned for multi-family units, this parcel is ready to go for those looking to capitalize on the growing demand for housing in the area. In addition to the development potential, this property offers a rental property with a current lease in place. Generating over $2000 a month in income, this presents a fantastic opportunity for immediate returns on your investment. The existing rental property adds further value to this already enticing proposition. Furthermore, the seller is open to entertaining offers to partner on this project, providing an opportunity for collaboration and shared success. With the potential for substantial returns and the flexibility to explore partnership possibilities, this property is a rare find in the Petoskey real estate market. Don't miss out on this exceptional investment and development opportunity at 1393 N. US 31 in Petoskey, Michigan. Contact me today to learn more and seize this chance to make your mark on the local real estate landscape.
Water Front:
No
Square Feet:
N/A
Lot Size:
6
Acreage:
6
Tax Amount:
N/A
Tax Year:
N/A
Zip Code:
49770
City:
Petoskey
County:
Emmet
School District(s):
Petoskey
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Agent: Jane Fisher

Listing Office: Gaslight Group Properties

Listing Email: jane@gaslightgp.com

Disclaimer: IDX information provided by NM-MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Petoskey

Petoskey, MI

Petoskey, Michigan, is a picturesque resort town renowned for its natural beauty and small-town charm. The city is defined by its stunning waterfront, sandy beaches, and the iconic Petoskey stone. Downtown beckons with its Victorian architecture, shops, and welcoming atmosphere. Residents and visito...
$620,373
Average Sale Price
18
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1393 N Us 31, Petoskey, MI 49770

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1393 N Us 31, Petoskey, MI 49770 is a vacant land which sold for $1,100,000. This vacant land has been listed on @properties REMI Christie's International Real Estate since December 12th, 2023.