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    2120 Lower Balcony Bay Harbor, MI 49770

    For Sale
    $37,000

    Lots/Land - Petoskey, MI

    Type:Single Family Residence
    Lot size:
    1.22 Acres
    Days on Market:
    258
    Last Refresh:
    Dec 8 at 2:06 am

    Property Features for 2120 Lower Balcony

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    EC FF-1
    APN
    01-19-28-150-116
    Interior features
    Hard Wood, Mixed Trees, Natural Gas, Cable TV, Under Ground Utilities, Paved Road
    Lot size
    1.22 Acres

    Utilities

    Utilities
    Cable Available, Natural Gas Available

    Building Details

    Architectural style
    Other

    Michigan Properties Network (231) 487-0700 [email protected]

    Listing agent Sue Louiselle (231) 835-1555

    Listing date Mar 26, 2025

    MLS# 474537 Listing URL

    Copyright © 2025 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    1.22 Acre Building Site

    This exclusive 1.22-acre parcel, identified as Lot #16, is a building site located in the Chapel Hill Site Condominium Association, an area known for custom-designed homes. The property is surrounded by hardwoods and offers valley or countryside views, with some sites featuring terrain suitable for walkouts. The location is within 15 minutes of McLaren Hospital, downtown Petoskey, schools, a casino, and shopping. Chapel Hill provides natural gas and underground utilities. True Stream Fiber and Spectrum cable are available for maximized internet speed. Residents can enjoy an open park area and walking trails. The site is also conveniently close to snowmobile trails, ski and golf resorts, and dining options. The zoning is EC FF-1. Purchasing and holding the lot is permitted while planning a new home design.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Kitchen & Bath Auto Repair Shop Electronics Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bay Harbor
    County
    Emmet
    State
    Michigan
    Longitude
    -84.927531
    Latitude
    45.31396

    FAQs

    What type of property is this?
    Land - Exclusive 1.22 acre parcel for custom dream home.
    Where is this land located?
    The property is located at 2120 Lower Balcony Bay Harbor, MI.
    What is the asking price?
    The asking price for this property is $37,000.
    What are key features of this property?
    This property features: - 1.22 acre parcel building site in exclusive Chapel Hill Site Condominium Association; - Natural gas and underground utilities available; - True Stream Fiber & Spectrum cable available for maximized internet speed
    (231) 835-1555
    Request Owner's contact information
    2120 Lower Balcony Bay Harbor, MI 49770
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    Bay Harbor, MI 49770
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2120 Lower Balcony Bay Harbor, MI 49770
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