1119 E Mitchell Street, Petoskey, MI

About 1119 E Mitchell Street

For over 85 years the same family has nurtured, cultivated, and enjoyed this property, but it’s time for a new direction and this unique development or single-family estate opportunity in the heart of Petoskey’s highest value neighborhood is now ready for the next visionary. Spanning 2 lots over an unheard of 2.92 acres of varied terrain, a small stream meanders through the middle of the property, which takes you from the top of Mitchell Street down a gradual slope to the edge of Petoskey's Winter Sports Park. It's truly a park-like setting with a variety of mature trees, fields, structures, paths, and hills. It has a little bit of everything that one would expect in our part of Northern Michigan, but it's not 10 miles out of town on a country road, this is in the city. Whether you are a developer looking to build new homes from various sites on the property or a private individual looking to stake their claim to one of the largest non-municipal plots of land the city has left, the possibilities here are diverse and exciting. The Petoskey High School and Middle School campuses are across the street and accessible via a secret city sidewalk that cuts through the woods. The back of the property abuts the large ice rink area at the sports park and is a short stroll from 172 acres of Bayview Association's hiking trails. A recent survey was done to help navigate the future plans, and the site includes a 1500 square-foot home with an oversized detached garage ready to be rehabilitated and used for whatever you can dream up. This is an opportunity that won't come around again, and the long-term value of this location is off the charts. It's in-town living, but it's not like anything else you can get your hands on. Adjacent house to the east is also available for $299,000 (MLS 471097). Walking tours by appointment.

Listing Map