Six-Unit Apartment
For Sale
$399,000
123 North Bailey Street, Cheboygan, MI 49721
Commercially zoned property with rear paved parking, an attached garage, and storage space.
Property Size16,718 SF
Price / SF$23.87
Days on Market70
Property Features for 123 North Bailey Street
General Information
Standard status
Active
Size
16,718 SF
Property subtype
Residential Income / Apartment
Zoning
commercial
Additional Details
Multifamily Units
6
Amenities
attached garage
storage area
partial basement
Ceiling Fan(s)
Forced Air, Hot Water, Natural Gas
Partial, Unfinished
Hardwood, Vinyl
Dishwasher, Dryer, Electric Range, Refrigerator, Gas Water Heater
No
Yes
Gas
4
Main Level
Lighting
Covered, Porch
Listing Agency:
COLDWELL BANKER SCHMIDT CHEBOYGAN
Listed By:
Billie Desy · License #6501188508
(231) 420-7797
Source:
Compass
Added: Jul 7
Changed: Sep 13
Last Checked: Sep 14 at 12:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER SCHMIDT CHEBOYGAN
Investment Insights
Based on property information with market context.
This 16,718 SF apartment property contains six units and includes an attached garage, storage area, and partial unfinished basement. An office area is also part of the building and could be adapted into an efficiency apartment. Interior features include hardwood and vinyl flooring, ceiling fans, forced-air and hot-water systems, natural gas service, and several appliances, including dishwashers, dryers, electric ranges, refrigerators, and a gas water heater.
The property is located at 123 North Bailey Street in Cheboygan, Michigan. Paved parking is situated behind the building, while exterior improvements include lighting and a covered porch. The site is zoned commercial.
The property is located at 123 North Bailey Street in Cheboygan, Michigan. Paved parking is situated behind the building, while exterior improvements include lighting and a covered porch. The site is zoned commercial.
Key Highlights
- Six apartment units within a 16,718 SF property
- Attached garage, storage area, and partial unfinished basement
- Office area could be converted to an efficiency apartment
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 49721, MI
14,058
Population
8,535
Households
1.6
Avg Household Size
50
Median Age
22%
College-Educated
89%
High-School Grad
266.7 sq mi
ZIP Area
53
Density / Sq Mi
$60,840
Median Household Income
$30,807
Median Earnings
$753
Median Rent
$170,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Commercially zoned property with rear paved parking, an attached garage, and storage space.
Where is this apartment building located?
The property is located at 123 North Bailey Street Cheboygan, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Six apartment units within a 16,718 SF property; Attached garage, storage area, and partial unfinished basement; Office area could be converted to an efficiency apartment
