About This Home

This 3-bedroom, 2-bathroom single family at 1414 KILBORN in Petoskey, MI is listed for $549,000 ($224 per sqft). the home offers 2,456 sqft of living space on a N/A lot.

Property Details

1 full, 1 half
Listing Description

A unique opportunity in Petoskey offering an exceptional combination of residential living, income potential, and commercial flexibility. Situated just outside the city limits and only minutes from downtown Petoskey, 1414 Kilborn Drive offers a three-bedroom, one-and-a-half-bath home along with attached professional office/commercial space, all under one roof.

Short-term rentals are allowed, adding yet another option for an owner, investor, or someone looking for a flexible live/work property. The property offers numerous possibilitieslive in the residential portion while operating your business next door, lease the commercial space for additional income, utilize the property as a short-term rental, or e

xplore converting additional space back to residential use or creating a duplex-style configuration. Originally constructed as a home, the building provides tremendous flexibility for a variety of future uses, subject to applicable zoning and approvals.

Set on a prominent corner at Kilborn Drive and US-131, the property offers excellent visibility and convenient access while backing up to an established residential neighborhood. Enjoy a nice backyard and easy access to shopping, restaurants, medical services, and everyday conveniences, with downtown Petoskey and the waterfront just a short drive away.

A versatile property with an uncommon combination of location, residential comfort, commercial potential, and opportunity. Please note: some minor construction would be needed to fully separate and configure the third bedroom and living room from the adjoining commercial space.

Monthly Cost Estimate

$2,936/mo

20% down · 6.5% · 30 years

Principal$397
Interest$2,379
Insurance$160

Estimates only. Actual payments may vary.

Location

1414 KILBORN

Petoskey, MI 49770

Questions & Answers

This 3-bedroom, 2-bathroom single family at 1414 KILBORN is listed at $549,000 ($224/sqft). The estimated monthly payment is $2,936 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Bill Winslow.

BW

Bill Winslow

Agent at Coldwell Banker Schmidt Family Of Companies

Listed by Coldwell Banker Schmidt Family Of Companies · Broker phone: 2315261100 · Broker website

MLS# 480899· Source: Coldwell Banker Schmidt REALTORS· 2 days on PropertySimple

Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1414 KILBORN, Petoskey, MI 49770

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