$1,295,000
6 Beds
6 Baths
3,815 sqft
120 E Lake St, Petoskey, MI 49770
Est. Mortgage $7,783/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
$339/sqft
Local Information
- Map ViewExplore the area around 120 E Lake St.
- Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
This newly renovated tri-plex is a multi family opportunity. In the heart of the downtown, no better location is out there! Outstanding views paired with the best location, makes this desirable listing one that will sell quickly. There are three beautifully appointed units. The first floor is a two bedroom two bath, with an open floor plan. Our second unit is a three bedroom, three bath with an open floor plan and very unique front and center turret room. Such a lovely place to read a book and enjoy the view. While the third unit is a one bedroom one bath unit, it has the beautiful views we all desire in this lovely area we call home. So much opportunity for the investor or homeowner who wants to live in one unit and rent out the other two. And so much opportunity for the lucky few that get to live near the marina and walk to downtown Petoskey for dinner! Beards Brewery is a hop skip and a jump home!!
Last check for updates: about 3 hours ago
Listing courtesy of Jane T Fisher
Gaslight Group Properties, (231) 347-7300
Source: Northern Michigan MLS, MLS#469818
Home Details for 120 E Lake St
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Interior Details Number of Rooms: 13 |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 6Number of Bathrooms (full): 6 |
Dimensions and Layout Living Area: 3815 Square Feet |
Appliances & Utilities Appliances: Refrigerator, Washer, Dryer, RangeDryerRefrigeratorWasher |
Heating & Cooling Heating: Natural GasHas HeatingHeating Fuel: Natural Gas |
Windows, Doors, Floors & Walls Flooring: Wood |
Levels, Entrance, & Accessibility Floors: Wood |
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Parking & Garage No CarportNo GarageNo Attached GarageParking: No Garage Or Carport |
Frontage Not on Waterfront |
Water & Sewer Sewer: City |
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Days on Market: 180+ |
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Property Type / Style Property Type: Residential |
Building Construction Materials: Wood Frame/Site Built |
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Price List Price: $1,295,000Price Per Sqft: $339 |
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MLS Status: Active |
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Direction & Address City: Petoskey |
School Information Elementary School District: PetoskeyJr High / Middle School District: PetoskeyHigh School District: Petoskey |
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Listing Agent Listing ID: 469818 |
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No HOA |
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Mls Number: 469818 |
Around this home
What Locals Say about Petoskey
At least 90 Trulia users voted on each feature.
89 % Say it's dog friendly
80 % Say car is needed
79 % Say people would walk alone at night
78 % Say there's wildlife
75 % Say parking is easy
74 % Say there's holiday spirit
74 % Say yards are well-kept
72 % Say kids play outside
72 % Say streets are well-lit
69 % Say it's quiet
66 % Say they plan to stay for at least 5 years
63 % Say it's walkable to restaurants
61 % Say there are sidewalks
58 % Say neighbors are friendly
53 % Say it's walkable to grocery stores
38 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Petoskey
Last updated July 2026
Avg. sale price
$453K
$6.67KMoM
Sale-to-List Price
—
Price per sq ft
—
Available listings
190
19MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.47 | Single-Family Home | $150,000 | 04/17/26 | 5 | 2 | 2,108 | |
0.67 | Single-Family Home | $325,000 | 12/05/25 | 4 | 2.5 | 1,636 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.25 | $1,795,000 | 3 | 2.5 | 2,322 | For Sale | |
0.24 | $559,900 | 4 | 3 | 2,318 | For Sale | |
0.25 | $322,800 | 2 | 2 | 1,448 | Off Market | |
0.28 | $345,000 | 4 | 4 | 3,850 | For Sale | |
0.28 | $340,000 | 4 | 2 | 1,816 | For Sale | |
0.41 | $1,875,000 | 6 | 3.5 | 5,653 | For Sale | |
0.40 | $609,000 | 4 | 2.5 | 2,412 | For Sale | |
0.40 | $399,900 | 5 | 2 | 2,461 | For Sale | |
0.45 | $1,175,000 | 4 | 4.5 | 3,336 | For Sale | |
0.47 | $249,900 | 5 | 2 | 2,108 | For Sale | |
0.48 | $774,900 | 4 | 3.5 | 2,541 | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Oct 23, 2023 Source: Northern Michigan MLS #469818 | PriceChange | $1,295,000 Price decreased by 11% |
Oct 19, 2022 Source: Northern Michigan MLS #469818 | Listed For Sale | $1,450,000 |
Apr 28, 2021 Source: Real Estate One | ListingRemoved | |
Mar 14, 2021 Source: Real Estate One #464454 | Listed For Sale | $400,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jane T Fisher, Gaslight Group Properties, (231) 347-7300
Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.
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Frequently asked questions about 120 E Lake St
- What is the estimated monthly payment for 120 E Lake St?Based on a $1,295,000 list price with 20% down at today's rates, the estimated monthly payment for 120 E Lake St in Petoskey, MI is approximately $7,929 (about $6,872 principal & interest, $982 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 120 E Lake St compare to homes in Petoskey?120 E Lake St in Petoskey, MI is listed at $1,295,000, about 186% above the $453K median sale price in Petoskey.
- What do residents say about Petoskey?Residents describe Petoskey, MI as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Petoskey, MI.
- What are the closest schools to 120 E Lake St?The closest schools to 120 E Lake St in Petoskey, MI are Central Elementary School (rated 8/10), Lincoln School (Elementary, rated 10/10), Ottawa Elementary School (Pre-K, rated 6/10).
- Does 120 E Lake St have laundry facilities?Yes, 120 E Lake St in Petoskey, MI has in-unit laundry.
120 E Lake St, Petoskey, MI 49770 is a 6 bedroom, 6 bathroom, 3,815 sqft single-family home. This property is currently available for sale and was listed by Northern Michigan MLS on Jun 1, 2024. The MLS # for this home is MLS# 469818.