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    4281 Pickeral Lk Petoskey, MI 49770

    Sponsored
    For Sale
    $568,000

    Prime development land near Petoskey, MI. 55 acres with lake frontage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 55.42-acre property presents a unique investment opportunity in the desirable Petoskey, Michigan area. Situated on the northeast side of town, just outside the city limits, this expansive parcel offers significant potential for various development projects or single-use occupancy. The land comprises three combined parcels, all zoned for Residential, Farm, and Forest uses, providing considerable flexibility for future plans. A key feature is the impressive over 1500 feet of frontage along Pickeral Lake Road, ensuring excellent visibility and accessibility. The property's size and zoning regulations allow for a wide range of possibilities, from residential subdivisions to agricultural ventures, or even a single large-scale development. The location offers a blend of tranquility and proximity to the amenities of Petoskey, making it an attractive proposition for both developers and individuals seeking a substantial landholding in a picturesque setting. Serious inquiries are encouraged to explore the full potential of this remarkable property. The asking price is $568,000.

    Property Features for 4281 Pickeral Lk

    General Information

    Property type
    Investment properties
    Lot Size
    2,414,095 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.88172
    Latitude
    45.39192

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    FAQs

    What type of property is this?
    Investment property - Prime development land near Petoskey, MI. 55 acres with lake frontage.
    Where is this investment property located?
    The property is located at 4281 Pickeral Lk Petoskey, MI.
    What is the asking price?
    The asking price for this property is $568,000.
    (231) 929-2955
    Request Owner's contact information
    4281 Pickeral Lk Petoskey, 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
    4281 Pickeral Lk Petoskey, MI 49770
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