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    726 S Huron St Cheboygan, MI 49721

    For Sale
    $499,000

    multifamily - CHEBOYGAN, MI

    Property size:
    7,500 SF
    Lot size:
    2.50 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 8 at 4:06 am

    Property Features for 726 S Huron St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Interior features
    CABLE TV, REFRIGERATOR, OVEN/RANGE, WASHER, DRYER, OTHER, OVEN/RANGE, OVEN/RANGE, HIGH SPEED INTERNET
    Size
    7,500 SF
    Lot size
    2.50 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Baseboard
    Cooling system
    Electric

    Building Details

    Year built
    1960
    Roof type
    Asphalt
    Architectural style
    Other

    Coldwell Banker Schmidt Family Of Companies [email protected]

    Listing agent Alex MacKenzie (866) 603-5140

    Listing date Nov 8, 2025

    MLS# 1939804 Listing URL

    Copyright © 2025 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cheboygan Multifamily Investment Opportunity

    This multifamily property in Cheboygan, Michigan, presents an investment opportunity with a fully occupied 6-unit apartment complex. The property is located across from McLaren Hospital and near downtown Cheboygan. The building has an approximate area of 7,500 square feet and is situated on a 2.5-acre lot. The complex includes three 3-bedroom, 1.5-bath units and three 2-bedroom, 1.5-bath units. All units are currently leased month-to-month. Each unit includes two private parking spaces, a semi-private backyard area, and a dedicated storage shed. The property is offered at an approximate 8.35% CAP rate, with potential for value-add through future development of the property’s excess acreage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheboygan
    County
    Cheboygan
    State
    Michigan
    Longitude
    -84.4852546
    Latitude
    45.6328307

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 6-unit apartment complex near McLaren Hospital.
    Where is this apartment building located?
    The property is located at 726 S Huron St Cheboygan, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Fully occupied 6-unit apartment complex.; - Prime location directly across from McLaren Hospital and minutes from Downtown Cheboygan.; - Approximately 8.35% CAP rate.
    (866) 603-5140
    Request Owner's contact information
    726 S Huron St Cheboygan, MI 49721
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    Cheboygan, MI 49721
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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
    726 S Huron St Cheboygan, MI 49721
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