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Mixed-Use Property with Apartment
For Sale
Under Contract
$99,000

209 W State Street, Cheboygan, MI 49721

Commercial Sale, Cheboygan, MI

Property Size2,657 SF
Lot Size0.04 Acres
Price / SF$37.26
Days on Market20

Property Features for 209 W State Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B-2
Parking features Parking Lot
Subdivision T38N, R1W
Directions Main Street, East on State Street across from the Art Park
Standard status Active Under Contract
APN 054-C10-000-012-00
Size 2,657 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Description ORIGINAL PLAT OF CHEBOYGAN, WLY 26FT LOT 39 & N 4FT OF W 26FT LOT 44. (SEC 31, T38N,R1W) 723/586;1121/838;1300/205;1301/169;1328/410;1371/254;1490/210
Legal Description ORIGINAL PLAT OF CHEBOYGAN, WLY 26FT LOT 39 & N 4FT OF W 26FT LOT 44. (SEC 31, T38N,R1W) 723/586;1121/838;1300/205;1301/169;1328/410;1371/254;1490/210

Utilities

Sewer type Public Sewer
Listing Agency: COLDWELL BANKER SCHMIDT CHEBOYGAN · Coldwell Banker Real Estate
Listed By: Missy Koszegi · License #6506045140
Added: Aug 5 Changed: Aug 21 Last Checked: Aug 24 at 2:06AM
MLS# 201841943

Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,657-square-foot mixed-use property combines a flexible ground-floor commercial area with a two-bedroom apartment on the upper level. The main floor can accommodate retail or office use, while the residential component provides a separate living arrangement or leasing configuration. The property includes a parking lot and public sewer service.

Positioned on W State Street in Cheboygan, the building sits across from Ottawa Art Park, with direct exposure to both pedestrian and vehicle activity along State Street. B-2 zoning supports the property’s commercial classification. Its two-level layout offers distinct commercial and residential areas within one compact building.

Key Highlights

  • 2,657‑square‑foot mixed‑use property
  • Ground‑floor commercial area suitable for retail or office use
  • Two‑bedroom apartment on the upper level

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Building Supply Nail Salon Furniture & Home Goods Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

427
Businesses Nearby

Demographics for 49721, MI

14,058
Population
8,535
Households
1.6
Avg Household Size
50
Median Age
22%
College-Educated
89%
High-School Grad
266.7 sq mi
ZIP Area
53
Density / Sq Mi
$60,840
Median Household Income
$30,807
Median Earnings
$753
Median Rent
$170,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 209 W State Street Cheboygan, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 2,657‑square‑foot mixed‑use property; Ground‑floor commercial area suitable for retail or office use; Two‑bedroom apartment on the upper level
More about this property
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