1515 Atkins Rd, Petoskey, MI, 49770
About This Home
Magnificent 9.4 Acre Apartment Development Site Close to Schools, Downtown, the Bay, minutes to everything! -- Incredible opportunity to develop in Petoskey, Bear Creek Township — completely cleared, balanced, and equipped with access to municipal utilities Located very close to the Petoskey school campus, this property offers a prime setting for a New Home with Land multi-family residential condo or rental community with convenient access to schools, services, and surrounding amenities. Purchaser is responsible for verifying all zoning and approval details with Emmet County and Bear Creek Township. A rare opportunity in a high-demand community, experiencing a housing deficit. Don’t miss the chance to bring your development vision to life in one of Northern Michigan’s most desirable communities. Renderings are conceptual in Nature.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Construction materials: Other
Type & Style
- Home type: SingleFamily
Property
Lot
- Lot size: 9.94 Acres
Parking
- Parking features: No Garage Or Carport
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Emmet County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,584 | $91,008 |
| Home Insurance * | $829 | $9,948 |
| Property Taxes | $1,024 | $12,288 |
| Electricity | $188 | $2,259 |
| Total | $9,625 | $115,500 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-21 | Listed for sale | $1,500,000 |
| 2026-06-10 | Listing removed | $1,500,000 |
| 2026-06-04 | Listed for sale | $1,500,000 |
| 2026-03-31 | Listing removed | $1,500,000 |
| 2026-02-27 | Listed for sale | $1,500,000 |
| 2026-02-18 | Listing removed | $2,000,000 |
| 2025-07-22 | Price change | $2,000,000 |
| 2025-04-08 | Listed for sale | $2,500,000 |
| 2025-03-06 | Listing removed | $2,450,000 |
| 2025-01-07 | Price change | $2,450,000 |
| 2024-09-24 | Listed for sale | $2,500,000 |
| 2023-07-13 | Listing removed | -- |
| 2023-05-03 | Listed for rent | $1,400 |
| 2023-01-14 | Listing removed | -- |
| 2022-10-13 | Listed for sale | $2,500,000 |
| 2022-01-10 | Listing removed | -- |
| 2020-08-11 | Listed for sale | $850,000 |
For Sale by Agent
View on Zillow