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    Cheboygan, MI Drug Stores for Sale

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    Indian River, MI Ocqueoc, MI Topinabee, MI
    NNN Leased Walgreens with Drive-Thru
    $3,662,000
    14,550 SF
    NNN Leased Walgreens with Drive-Thru

    991 S Main St, Cheboygan, MI 49721

    Long-term NNN leased Walgreens near McLaren Northern Michigan medical center.
    • 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.
    Updated: Nov 21, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Vitamin Shoppe Investment Property
    $1,340,000
    3,096 SF
    Vitamin Shoppe Investment Property

    3,069 SF Vitamin Shoppe on 1.03 Acres For Sale

    4875 Bay Rd, Saginaw, MI 48603

    View details
    Versatile Retail Space in Alma
    $3,300,000
    14,820 SF
    Versatile Retail Space in Alma

    Adaptable commercial property with drive-through, ideal for various businesses.

    1420 Wright Avenue, Alma, MI 48801

    View details
    Retail Pharmacy with Drive-Thru
    $360,000
    3,381 SF
    Retail Pharmacy with Drive-Thru

    3381 SF retail pharmacy with drive-thru on 1.028 acres.

    5470 Gratiot Rd, Saginaw, MI

    View details
    Adaptable Commercial Property in Alma
    $3,300,000
    14,820 SF
    Adaptable Commercial Property in Alma

    Versatile 14,820 sqft commercial space in a high-traffic location.

    1420 Wright Avenue, Alma, MI 48801

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Undeveloped Land in Weare Township
    $360,000
    25.74 Acres
    Undeveloped Land in Weare Township

    25.74 acres of commercially zoned land near expressway.

    3308 W Monroe Road lot: C - 25.74 Acres, Hart, MI 49420

    View details
    Hart, MI Undeveloped Commercial Land
    $300,000
    23.56 Acres
    Hart, MI Undeveloped Commercial Land

    23.56 acres of commercially zoned land near expressway.

    3308 W Monroe Road lot: B - 23.56 Acres, Hart, MI 49420

    View details
    Hart, MI Undeveloped Commercial Land
    $60,000
    2.18 Acres
    Hart, MI Undeveloped Commercial Land

    2.18 acres of commercially zoned land near expressway.

    3308 W Monroe Road lot: A - 2.18 Acres, Hart, MI 49420

    View details
    Commercial Land Near US-31
    $185,000
    0.23 Acres
    Commercial Land Near US-31

    Commercial land with high visibility near medical facilities and retailers.

    1257 E Sherman Boulevard, Norton Shores, MI 49444

    View details

    Cheboygan, MI Drug Stores Market Trends and Statistics

    Explore 1 drug stores for sale in Cheboygan, 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, MI start at $3,662,000, averaging $3,662,000, and reaching up to $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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Auto shops 3
    Automotive properties 3
    Storefront properties 2
    Drug stores 1
    Shopping centers 1

    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 $3.7M

    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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