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Key Details
Sold Price $2,500,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision City Of Petoskey
MLS Listing ID 78001307610
Sold Date 03/06/24
Originating Board Aspire North REALTORS®
Lot Size 12.400 Acres
Acres 12.4
Lot Dimensions see attached survey
Property Description
Amazing opportunity to own a large acreage parcel along the Bear River recreation corridor in the city limits of Petoskey only one mile from the downtown Gas Light district. The site is 12.4 acres with 11.1 usable acres and features over 1,000 feet on the Bear River. There is an existing 83,660 SF historic building on the site that was previously used by Michigan Maple Block Co. A buyer could use some or all of the existing structure but the value is in redeveloping the property. This has been designated a MEDC Priority Redevelopment Site by the City of Petoskey allowing for a streamlined process for potential developers. Planned Unit Development, residential, multi-family, industrial and mixed-use are all possible uses.
Location
State MI
County Emmet
Area Petosky
Zoning Commercial,Multi-Family,Light Industrial
Body of Water Bear River
Exterior
Waterfront Description River Front,Water Front
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Petoskey
Others
Tax ID 521907200012
Ownership Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Coldwell Banker Schmidt-522