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1515 Atkins Rd - 156 unit Residential Development Petoskey MI 9.94 Acres of Residential Land Offered at $2,000,000 in Petoskey, MI 49770

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INVESTMENT HIGHLIGHTS

  • Very close to schools, downtown, truly a site offering an extension of the city limits
  • Approved for 2 phases by county and township
  • Minutes from Equestrian, Maritime, Ski, Flight and all other all season interests and sports

EXECUTIVE SUMMARY

Magnificent Rare Green Lit/Approved Ready to Mobilize this 9.4 Acre Apartment Development Site Close to Schools, Downtown, the Bay, minutes to everything!!! General Contractor already in Place – Approved for 156 Units -- Incredible opportunity to develop in Petoskey,Bear Creek Township fully approved under a Planned Unit Development (PUD) residential units. This site is shovel-ready—completelycleared, balanced, and equipped with access to all municipal utilities including water, sewer, electric, and natural gas. Located directlyadjacent to the Petoskey school campus, this property offers a prime setting for a multi-family residential rental community with convenient access to schools, services, and surrounding amenities. All PUD and site plan approvals are in place; Purchaser and/or their agent are responsible for verifying all zoning and approval details with Emmet County and Bear Creek Township. A rare, turn-keyopportunity in a high-demand high housing deficit location. Don’t miss the chance to bring your development vision to life in one ofNorthern Michigan’s most desirable communities.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $2,000,000
Sale Type Investment or Owner User
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Master Planned Community
  • Single Family Development
Total Lot Size 9.94 AC
No. Stories 1
Zoning EC R-1 - This land is R-1 with a approved PUD in place for 156 units

1 LOT AVAILABLE

Lot

Price $2,000,000
Price Per AC $201,207.24
Lot Size 9.94 AC

Approved PUD,Ready to Mobilize this 9.4 Acre Apartment Development Site Close to Schools, Downtown, the Bay, minutes to everything!!! General Contractor already in Place – Approved for 156 Units - Incredible opportunity to dev

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-19-05-400-002
Land Assessment
$37,100
Improvements Assessment
$508,100
Total Assessment
$545,200
  • Listing ID: 37524163

  • Date on Market: 9/3/2025

  • Last Updated:

  • Address: 1515 Atkins Rd, Petoskey, MI 49770

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