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2002+ Us-31 N, Petoskey, MI 49770

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For Sale

$1,299,000

20.56 acres

Estimated Payment

$ 7,288 /mo. †

6.65% APR for 30 yrs.
$7,395 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • 20.6 acres
    Lot size

Explore this Property

Great development opportunity comprised of three parcels totaling 20+ acres; 767' of easy ingress/egress road frontage with excellent exposure on US-31 N. Adjacent to Oleson's grocery store, County Wide Powersports, and numerous service and storage facilities. Mixed use opportunities with commercial highway frontage. Potential to be split/divided and developed. Property is being sold 'as is'- there is a building on one of the parcels with block construction, a built-up roof, well, septic, and bathroom(s), though the overall condition is unknown.
MLS# 1921004

Courtesy Of Re/max Bayshore Properties
500 South Union St., Traverse City, MI 49684
(231) 941-4500

Property Features

  • Architecture Style
    Other
  • Lot Size
    20.56 Acres

Map and Directions

Directions to 2002+ Us-31 N, Petoskey, MI 49770

Home seller CENTURY 21 Northland

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CENTURY 21 Northland

(231) 264-4500
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $6,671
  • Property Taxes
    $616
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $7,288

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Central Elementary School

Grades KG-5 Public School

Petoskey, MI 49770 3.9 miles
410 state st

266 total students
18:1 Student teacher ratio

School Rating: B

School Details

Lincoln School

Grades KG-5 Public School

Petoskey, MI 49770 4.5 miles
616 connable ave

261 total students
18:1 Student teacher ratio

School Rating: A

School Details

Ottawa Elementary School

Grades KG-5 Public School

Petoskey, MI 49770 3.6 miles
871 kalamazoo ave

311 total students
17:1 Student teacher ratio

School Rating: B-

School Details

Sheridan School

Grades KG-5 Public School

Petoskey, MI 49770 4.2 miles
1415 howard st

237 total students
17:1 Student teacher ratio

School Rating: A-

School Details

Petoskey Middle School

Grades 6-8 Public School

Petoskey, MI 49770 3 miles
801 northmen dr

644 total students
16:1 Student teacher ratio

School Rating: B+

School Details

Petoskey High School

Grades 9-12 Public School

Petoskey, MI 49770 3.1 miles
1500 hill st

984 total students
20:1 Student teacher ratio

School Rating: A-

School Details
Other Nearby Schools Distance Type Grades School Rating
Harbor Light Christian School 2.4 miles Private PK-12
St Michael Academy 2.4 miles Private 8-12
Concord Academy Petoskey 3 miles Public KG-12 B-
Petoskey Montessori Elementary School 3.1 miles Public PK-5
St Francis Xavier School 3.8 miles Private PK-8
Harbor Springs High School 5.4 miles Public 9-12 B-
Blackbird Elementary School 5.5 miles Public PK-1
Alanson Public School 5.6 miles Public KG-12 C+

Harbor Light Christian School

Distance: 2.4 miles

Type Private

Grades: PK-12

St Michael Academy

Distance: 2.4 miles

Type Private

Grades: 8-12

Concord Academy Petoskey

Distance: 3 miles

Type Public

Grades: KG-12

B-

Petoskey Montessori Elementary School

Distance: 3.1 miles

Type Public

Grades: PK-5

St Francis Xavier School

Distance: 3.8 miles

Type Private

Grades: PK-8

Harbor Springs High School

Distance: 5.4 miles

Type Public

Grades: 9-12

B-

Blackbird Elementary School

Distance: 5.5 miles

Type Public

Grades: PK-1

Alanson Public School

Distance: 5.6 miles

Type Public

Grades: KG-12

C+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Petoskey, MI 49770

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Petoskey, MI 49770

This community’s employment is highest in the healthcare practitioners and administrative support industries. The area’s overall household expenses are above the national average.

80° July
Hottest Average Month
11° February
Coldest Average Month
7,443 Total Households in Area
0.1% Increase in population since the year 2010
26.8%
of households
have children
17 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Petoskey, MI 49770

Petoskey, MI 49770 has a population of 17,432 people in 7,443 households with a median age of 44.5 years old.

0.1%
Increase in population
since the year 2010
Population is Trending up
7,548
Total households as of 2010
1.2%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44.5 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 89%
Native American 3%
Hispanic 2%
Asian <1%
Other <1%
Black <1%
The most prevalent ethnicity is White at 89%, followed by Native American at 3%, Hispanic at 2%, and Asian at <1%.

Economics
for Petoskey, MI 49770

136 /sq mi
Population Density
$70,141 /yr
Median Household Income
$380,000
Median Sales Price
17 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 21.52% of the households.

Transportation to Work

  • Drive 83%
  • Work from Home 9%
  • Walk or Bike 8%
  • Public Transit 0%

Occupancy by Type

Owned 5,379 54%
Vacant 2,549 26%
Rented 2,064 21%

White vs Blue Collar Jobs







White Collar 78%
Blue Collar 22%

Family & Education Facts
for Petoskey, MI 49770

44.5 Median Age

Average Household Size

2.3
persons per
household

52.8%

Married Households

Community Population By Education

Bachelors Degree 25%
High School Graduate 21%
Graduate Degree 20%
Some College 20%
Associates Degree 10%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 25.13% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
26.8% of households have children

Weather
for Petoskey, MI 49770

The weather for this area ranges from a high of 80° F in July to a low of 11° F in February

80° July
Hottest Average Month
11° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
13°
27°
Feb
11°
29°
Mar
19°
39°
Apr
31°
53°
May
41°
66°
Jun
51°
75°
Jul
56°
80°
Aug
55°
78°
Sep
49°
69°
Oct
39°
58°
Nov
30°
43°
Dec
19°
32°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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