Bought with Daniel J Stiebel • Coldwell Banker Schmidt-522
$2,500,000
$2,500,000
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1420 Standish Avenue Petoskey, MI 49770
12.4 Acres Lot
Key Details
Sold Price $2,500,000
Property Type Vacant Land
Sub Type Vacant Lot/Land
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 1897433
Sold Date 03/06/24
Lot Size 12.400 Acres
Acres 12.4
Lot Dimensions see attached survey
Property Sub-Type Vacant Lot/Land
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
Body of Water Bear River
Exterior
Exterior Feature Garage(s)
Road Frontage Public Maintained
Building
Water Municipal Water
Schools
School District Public Schools Of Petoskey
Others
Tax ID 52-19-07-200-012
Ownership Private Owner
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