Residential Duplex with two 2 bedroom and 1 bath units! The upper unit is currently occupied and the lower unit vacant and easy to see. This lot, with ingress and egress from the front and rear, provides frontage on US 31/US 131, which cuts through the heart of Petoskey between downtown and McLaren Northern Michigan Hospital. This property is zoned B-3, so vacation rentals may be allowed and don't take converting this to a non-residential application off the table as there are many options with this particular zoning designation. There is off street parking available and this is an easy walk to downtown or the waterfront. This stretch of West Mitchell Street is the gateway through Petoskey and ownership of parcels in this location offer a lot of options for long-term success as an investment. Adjacent parcel is currently another residential duplex, plus 3 commercial spaces, and is available separately for $385,000 (MLS #467373), or buy both and own 7 individual money-making opportunities in the middle of of Petoskey - a growing and dynamic community.