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    Cheboygan, MI
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    Cheboygan, MI Apartment Buildings for Sale

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    6-Unit Apartment Building
    Updated: Aug 14
    6-Unit Apartment Building

    123 N BAILEY STREET, Cheboygan, MI 49721

    $379,000
    6‑unit apartment building
    Attached garage included
    Storage area and partial basement
    Office area could be converted to an efficiency apartment
    Paved parking at the rear of the building
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    Six-Unit Apartment Building
    Updated: Jul 4
    Six-Unit Apartment Building

    123 North Bailey Street, Cheboygan, MI 49721

    $399,000
    16,718 sqft
    Six apartment units within a 16,718 SF property
    Attached garage, storage area, and partial unfinished basement
    Office area could be converted to an efficiency apartment
    Paved parking located at the rear of the building
    Commercial zoning in Cheboygan, MI
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restored Mixed-Use Building
    Restored Mixed-Use Building

    211 Bridge, Charlevoix, MI 49720

    $3,795,000
    10,500 sqft

    Commercially zoned property combines street-level retail with short-term rental apartments.

    View details
    Three-Building Apartment Compound
    Three-Building Apartment Compound

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft 2.00 AC lot

    Leased residential units occupy a flexible multifamily layout with approved capacity for additional occupancy.

    View details
    13-Unit Apartment Building
    13-Unit Apartment Building

    5692 N US 31 Highway, Levering, MI 49755

    $497,000
    4,769 sqft

    Fully rented efficiency-apartment property with on-site laundry, paved parking, and an attached house/office.

    View details
    7-Unit Apartment Building
    7-Unit Apartment Building

    2870 N US 31 Highway, Levering, MI 49755

    $269,000
    2,800 sqft

    Fully rented efficiency apartments with on-site coin laundry and commercial zoning.

    View details

    Cheboygan, MI Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Cheboygan, MI on our real estate platform. These investment opportunities span a total of 16,718 square feet of properties for sale, with an estimated market value of $778,000.

    Sale prices for two-family homes in Cheboygan, MI start at $379,000, averaging $389,000, and reaching up to $399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 14K
    Population Growth (5Y) -2.2%
    Median Household Income $60,840
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

    Identify Cheboygan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49721 $399K

    Taxes & Financing

    Tax Rate (average for all types) 3.46%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

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