Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Parcel with Road Frontage Title is generated by Realmo AI

    1314/1316 Boyne Avenue, Boyne City, MI 49712

    View on Map
    Claim this Listing
    New
    For Sale
    $995,000

    Commercial/Industrial - Boyne City, MI

    Property size:
    1,356 SF
    Lot size:
    1.89 Acres
    Price / SF:
    $733/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 1314/1316 Boyne Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Interior features
    Cable TV, Refrigerator, Washer, Natural Gas, Off-Street Parking, Air-Conditioning, Ample Parking, Dryer, Range, Patio/Deck, Paved Roads
    Basement Y/N
    1
    Appliances
    Dryer, Range, Refrigerator
    Standard status
    Active
    APN
    051-301-003-20
    Size
    1,356 SF
    Lot size
    1.89 Acres

    Utilities

    Utilities
    Cable Available, Natural Gas Available
    Heating system
    Forced Air, Natural Gas

    Building Details

    Floors in Building
    1
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Joe Blachy
    Joe Blachy

    Listing agent Joe Blachy

    Listing office Petoskey Real Estate Group 2206 Mitchell Park Drive, Petoskey, MI

    Listing date Jun 3, 2026

    MLS# 479610 Listing URL

    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.

    HighLights

    • 1.89‑acre parcel with 270 ft of high‑visibility road frontage on M‑75 (Boyne Avenue), across from Great Lakes Electric headquarters
    • MDOT average daily traffic count (2025) of 8,232 cars per day along M‑75
    • City sewer access with flexible zoning for commercial or industrial development
    • Currently operates as an Airbnb Superhost with in excess of $60,000 annual income
    • Two updated residential homes: 3BR/1BA plus 1BR/1BA with a 380 SF studio
    • Also includes a 1,440 SF pole barn and a 2‑car garage

    Overview

    The offering is a 1.89-acre commercial-zoned parcel with city sewer access and approximately 270 feet of road frontage on M-75 (Boyne Avenue). The site currently includes two updated residential homes: a 3-bedroom, 1-bath home and a 1-bedroom, 1-bath home with a 380-square-foot studio. There is also a 1,440-square-foot pole barn and a 2-car garage, providing multiple existing structures while you plan your next project.

    The property is positioned directly across from the Great Lakes Electric headquarters at the gateway to Boyne City. Public remarks also cite MDOT average daily traffic counts for 2025 of 8,232 cars per day along this route, supporting strong roadway visibility for a range of commercial or industrial uses.

    With frontage, utilities connection, and flexible zoning noted in the public remarks, the property may suit developers or operators seeking a site that can support commercial or industrial venture plans while retaining on-site improvements. The current setup is also described as producing immediate income, as the property is operating as a short-term rental with Airbnb Superhost performance while development plans are finalized. Additional acreage may be available; contact the listing agent for the full site details brochure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Boyne City
    County
    Charlevoix
    State
    Michigan
    Longitude
    -84.988766
    Latitude
    45.206328

    Nearby Similar for Sale

    • $475,000
      2,128 SF

      Established Bicycle Shop in Boyne

      Turnkey bicycle shop business opportunity in downtown Boyne City.
      126 Water Street, Boyne City, MI 49712
      View Details
    • $695,000
      1,629 SF

      Turnkey Bakery Opportunity in Boyne

      Profitable bakery for sale in Northern Michigan's Boyne City.
      110 S Lake Street, Boyne City, MI 49712
      View Details
    • $599,900

      Boyne City Wooded Acreage Retreat

      34.88 acre wooded property near Boyne City, Petoskey, Charlevoix.
      2449 Erickson, Boyne City, MI 49712
      View Details
    • $199,900

      10 Acres in Golden Triangle

      Land parcel in desirable Northern Michigan location near Lake Charlevoix.
      4372 Camp Daggett Rd, Boyne City, MI 49712
      View Details
    • $1,500,000

      Boyne City Land with Development Potential

      115-acre property near Boyne City and Boyne Mountain.
      1465 Dam, Boyne City, MI 49712
      View Details
    • $109,000

      Boyne City Vacant Land Parcel

      1.56 acre wooded lot near Boyne City downtown.
      00 Lynn Street, Boyne City, MI 49712
      View Details
    • $189,000

      Boyne City Land Opportunity

      Prime lot near downtown Boyne City, ideal for building.
      109 Morgan, Boyne City, MI 49712
      View Details
    • $399,900

      43.8 Acres with Deer Lake Shoreline

      43.8 acres with 377 feet of private Deer Lake shoreline.
      3511 Korthase, Boyne City, MI 49712
      View Details
    • $1,499,000
      10,560 SF

      Downtown Boyne City Office/Retail

      11,000 sq ft office and retail space for sale.
      5 W Main, Boyne City, MI 49712
      View Details
    • $475,000
      2,128 SF

      Established Bicycle Shop Business Opportunity

      Thriving bicycle shop business for sale in Boyne City.
      126 Water St, Boyne City, MI
      View Details
    • $250,000

      Elevated Homesite Near Lake Charlevoix

      7.7-acre parcel with potential lake and countryside views.
      TBD Camp Daggett, Boyne City, MI 49712
      View Details
    • $499,900

      28 Acres Wooded Land Parcel

      28 acre wooded parcel in Boyne City, Michigan.
      TBD MARSHALL, BOYNE CITY, MI 49727
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Commercially zoned parcel with city sewer access and substantial frontage on Boyne Avenue in Boyne City.
    Where is this short term rental property located?
    The property is located at 1314/1316 Boyne Avenue Boyne City, MI.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 1.89‑acre parcel with 270 ft of high‑visibility road frontage on M‑75 (Boyne Avenue), across from Great Lakes Electric headquarters; MDOT average daily traffic count (2025) of 8,232 cars per day along M‑75; City sewer access with flexible zoning for commercial or industrial development
    (231) 409-9119
    We can help!
    Listing Contact
    Joe Blachy
    Joe Blachy
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1314/1316 Boyne Avenue, Boyne City, MI 49712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!