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    Straits Hwy Cheboygan, MI 49721

    Sponsored
    For Sale
    $99,900

    5.92 Acres, High-Visibility Highway Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional 5.92-acre commercial development site presents a unique investment opportunity in Cheboygan, Michigan. Strategically located on N Straits Highway, the property boasts approximately 400 feet of prime road frontage, ensuring high visibility and accessibility. Zoned D-CM, this expansive parcel offers considerable flexibility for a wide range of commercial uses. Potential ventures could include storage facilities, retail spaces, office buildings, multi-family housing, adult daycare or assisted living centers, hospitality establishments, entertainment venues, hotels/motels, or residential developments. A portion of the land has already been cleared, and a large existing sign offers immediate branding potential for a new business. The site's size and zoning regulations create a compelling opportunity to establish a thriving commercial enterprise. Prospective developers are encouraged to conduct thorough due diligence, including feasibility studies and consultation with local authorities, to confirm project viability and ensure compliance with all applicable regulations and building codes. This property represents a rare chance to acquire a significant commercial site in a desirable location with substantial development potential. The existing infrastructure, including the cleared land and prominent signage, provides a head start for any ambitious commercial project.

    Property Features for Straits Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    257,875 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cheboygan
    County
    Cheboygan
    State
    Michigan
    Longitude
    -84.59685
    Latitude
    45.47664

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    FAQs

    What type of property is this?
    Commercial real estate - 5.92 Acres, High-Visibility Highway Frontage
    Where is this commercial real estate located?
    The property is located at Straits Hwy Cheboygan, MI.
    What is the asking price?
    The asking price for this property is $99,900.
    (231) 627-7186
    Request Owner's contact information
    Straits Hwy 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
    Straits Hwy Cheboygan, MI 49721
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