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    Cheboygan County, MI Drug Stores for Sale

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    NNN Leased Walgreens with Drive-Thru
    Updated: Nov 21, 2025
    NNN Leased Walgreens with Drive-Thru

    991 S Main St, Cheboygan, MI 49721

    $3,662,000
    14,550 sqft
    Long‑term NNN lease to Walgreens Corporate guaranteed through February 2032, providing stable income.
    High visibility location at a signalized intersection on Main Street (M‑27), a primary commercial corridor with 13k+ VPD.
    High 9.50% Cap Rate.
    Located near McLaren Northern Michigan medical center and across from Cheboygan County Courthouse, attracting consistent traffic.
    No CVS Pharmacy, Rite Aid or other Walgreens competition within a 30‑mile radius.
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    1 active listing matches your search: Drug Store for sale in Cheboygan County, MI.

    Cheboygan County, MI Drug Stores Market Trends and Statistics

    Explore 1 drug stores for sale in Cheboygan County, MI on our real estate platform. These investment opportunities span a total of 14,550 square feet of properties for sale, with an estimated market value of $3,662,000.

    Sale prices for pharmacies in Cheboygan County, MI average $3,662,000 — 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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    Featured Cheboygan County Real Estate Agencies

    Realmo connects you with licensed Cheboygan County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Coldwell Banker Schmidt Realtors of Cheboygan
    10667 N. Straits Highway, P.O. Box 217 Cheboygan, MI 49721
    Phone: (231) 627-9959
    Berkshire Hathaway Homeservices Indian River
    3412 S Straits Hwy Indian River, MI
    Phone: (231) 238-7400
    EXIT Waterway Realty
    6301 M-68 Suite E Indian River, MI
    Phone: (231) 238-2440
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