Looking for a home, rental property, building site, or maybe even all three≠ This barndominium-style living space with a separate new-construction outbuilding offers incredible potential. Situated near Walloon Lake and downtown Petoskey, you will enjoy privacy, acreage, and flexibility in a highly desirable Northern Michigan setting. One of the outbuildings includes a furnished living space featuring a large master bedroom, generous pantry, and an inviting layout that can comfortably support long-term or full-time use, short-term stays, rental income, or a comfortable place to live while planning your future home on a lovely, elevated building site. The second outbuilding is ideal for hobbies or could be easily converted into additional living space. Do you snowmobile≠ This is your dream location with easy access to the trail system and all the space needed for your sleds. If boating is your thing, close proximity to Walloon and many other Northern Michigan lakes makes this property equally appealing. A long private drive leads to a quiet natural backdrop with mature trees, beautiful landscaping, and open yard space that attracts many hummingbirds and butterflies all summer, creating a peaceful, nature-rich environment. With its location, comfortable living quarters, and adaptable layout, this property provides a rare opportunity to create a personalized Northern Michigan retreat.