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Waterfront Estate Lot
For Sale
$1,150,000

7505 Channel Road, Petoskey, MI 48770

Lots/Land, Petoskey, MI

Property SizeContact for details
Lot Size1.50 Acres
Days on Market76

Property Features for 7505 Channel Road

General Information

Property type Land
Property subtype Other
Zoning EC SR
Elementary school district Petoskey
Middle school district Petoskey
High school district Petoskey
Directions Follow Pickerel Lake Road onto Channel Road. Lot is on the left past Oden Island Drive.
Subdivision Springvale
Standard status Active
APN 14-17-29-200-007
Lot size 1.50 Acres

Taxes and HOA fees

Tax Description COM AT NE COR OF SEC TH S77 degrees 43'W 300 FT TO WATERS EDGE FOR POB, TH S 250.77 FT TO C/L CHANNEL RD, TH
Legal Description COM AT NE COR OF SEC TH S77 degrees 43'W 300 FT TO WATERS EDGE FOR POB, TH S 250.77 FT TO C/L CHANNEL RD, TH

Utilities

Water front 1
Listing Agency: Berkshire Hathaway HomeServices Michigan Real Estate - HS
Listed By: Gill Whitman
Added: Jul 7 Changed: Aug 19 Last Checked: Sep 20 at 5:06PM
MLS# 479964

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 1.5-acre waterfront parcel on Crooked Lake includes 250 feet of shoreline and a cleared, park-like setting. The property offers a defined building envelope, space for an outbuilding, and frontage within a private, protected cove. A sandy lake bottom supports swimming and boating access from the site, while views extend toward Oden Island.

Located at 7505 Channel Road near Petoskey, the land is part of Michigan’s Inland Waterway, connecting a chain of inland lakes toward Lake Huron. Zoning is EC SR. EGLE approval and a septic easement are already in place, providing key groundwork for future residential construction.

Key Highlights

  • 1.5‑acre waterfront parcel on Crooked Lake
  • 250 feet of shoreline within a private, protected cove
  • Cleared, park‑like setting with a defined building envelope

Property Analytics

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Current Use

Waterfront Land

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom Accounting Firm Law Firm Spa & Massage Center Wine and Liquor Store

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

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 48770, MI

1,848
Population
1,016
Households
1.8
Avg Household Size
49
Median Age
9%
College-Educated
87%
High-School Grad
69.2 sq mi
ZIP Area
27
Density / Sq Mi
$51,576
Median Household Income
$35,344
Median Earnings
$665
Median Rent
$101,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Cleared lakefront land with approved environmental review, a septic easement, and room for a primary residence and outbuilding.
Where is this waterfront land located?
The property is located at 7505 Channel Road Petoskey, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1.5‑acre waterfront parcel on Crooked Lake; 250 feet of shoreline within a private, protected cove; Cleared, park‑like setting with a defined building envelope
More about this property
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