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501 W Mitchell St, Petoskey, MI 49770 Property Records

Emmet County property record for 501 W Mitchell St, Petoskey, MI 49770

Property Summary

Property TypeCommercial
Details2,966 sqft · built 1937
Lot Size0.29 acres (12,632 sqft)
OwnerCompany Name on File
Tax Bill$8,184 (2024)
Deeds & MortgagesFeb 2026 Mortgage
Nov 2025 Sale
Flood ZoneZone X (minimal risk)
APN52-19-06-126-021

Property Details

APN / Parcel Number

Primary APN52-19-06-126-021

Interior

Units5 Units
Stories1 Story
Building Area2,966 sqft Total Area
1st Floor Area2,966 sqft

Exterior

Year BuiltBuilt 1937
Effective Year BuiltEffective 1937
Fire ResistanceMasonry Walls, Wood Interior
Lot Area12,632 sqft (0.29 acres)
Lot Dimensions262 ft deep x 167 ft wide

Location & Zoning

Street Address501 W MITCHELL ST
CityPETOSKEY
StateMI
Zip49770-4209
Property CategoryCommercial
Property TypeCommercial > Retail
Local Zoning CodeCOP B-3
Legal DescriptionWEST PARK ADDITION W 30 FT OF LOT 2 BLK 5 & LOT 3 BLK 5. SECTION 6, T34N, R5W
Legal Range05W
Legal Township34N
Legal Section06
Legal SubdivisionWEST PARK ADD
Legal Block5
Legal Lot Number2-3
JurisdictionEMMET MI
Township / Civil DivisionPETOSKEY
Census Block Group1
Census Block1005
Census Tract970800

Owner

501 W Mitchell St, a commercial property, is owned by a company that acquired it in November 2025.

Source: Emmet County records, as of October 20, 2026

Owner of RecordCompany Name on File
Mailing Address501 W MITCHELL ST, PETOSKEY, MI 49770-4209
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Feb 5, 2026Deed of Trust, Mortgage · Commercial Mortgage
TEAM ONE CREDIT UNION
Nov 26, 2025Warranty Deed, Transfer

Assessor's Deed Record

Deed NamesName on Deed
Last SaleNov 26, 2025
Deed SaleNov 26, 2025
Prior SaleOct 12, 2006
Deed Document Number20255224603
Deed Book / Page1271 / 567
Prior Transfer DateSep 7, 2016
Prior Transfer Doc0005141035
Record UpdatedOct 29, 2026

February 2026: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionEMMET MI
Property Address501 W MITCHELL ST, PETOSKEY, MI 49770-4209
Transaction TypeMortgage
Record UpdatedFeb 18, 2026
Title CompanyARK TITLE GROUP LLC, AL TITLE GROUP LLC

Transferred To (Grantee/Buyer)

NameVerified Name
Address810 S OTSEGO AVE, GAYLORD, MI 49735-1791

Mortgage

Document Number0000001272/0000000956
DateFeb 5, 2026
Book Page0000001272/0000000956
Instrument5226007
Lender
NameTEAM ONE CREDIT UNION
Agreement
TypeCommercial Mortgage
AmountAmount on Record

November 2025: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionEMMET MI
Recording DateNov 26, 2025
Property Address501 W MITCHELL ST, PETOSKEY, MI 49770-4209
Document Number001271/567
Book / Page1271 / 567
Instrument DateNov 24, 2025
Instrument5224603
Transaction TypeTransfer
Record UpdatedDec 8, 2025

Transaction

AmountAmount on Record
Tax$61.49
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address810 S OTSEGO AVE, GAYLORD, MI 49735-1791

Tax Assessment & Valuation

Source: Emmet County assessment roll, as of July 21, 2026

Property Jurisdictions

TypeName
StateMichigan
CountyEmmet County
MunicipalityPetoskey City
Unified School DistrictPublic Schools of Petoskey (KG - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$328,200 (+28.45%) Land $106,300 Building $221,900$656,400 (+28.45%) Land $212,600 Building $443,800
2025$255,500 Building $255,500$511,000 Building $511,000
2024$8,184.00
2023$208,900 Building $208,900$417,800 Building $417,800

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 501 W Mitchell St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective May 31, 2022 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Flood Insurance CostPremium on File
median of 13 policies
Nearby Flood Policies13 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 501 W Mitchell St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITY OF PETOSKEY
serves 8,979 people · EPA ID MI0005300
Water SourceGroundwater
Last State InspectionAug 2023
Lead2 ppb (2022–2024)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 240 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Spectrum
Cable · Fiber in parts of the area		1,000 / 1,000
Verizon
Fixed Wireless		300 / 20
Starlink
Satellite		280 / 30

May also be available: AT&T.

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