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18-Hole Golf Course with Restaurant
For Sale
$650,000

4849 N Black River Road, Cheboygan, MI 49721

Commercial Sale, Cheboygan, MI

Property Size2,500 SF
Lot Size85.48 Acres
Price / SF$260
Days on Market99

Property Features for 4849 N Black River Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning FA
Parking features Parking Lot
Basement Crawl Space
Subdivision T36N,R1E
Directions From M-33, head east on Orchard Beach road making a slight right onto S River road. Turn left onto N Black River Road and destination is on the left.
Standard status Active
APN 151-007-200-003-00 + see remarks
Size 2,500 SF
Lot size 85.48 Acres

Taxes and HOA fees

Tax Description COM 330FT N OF SE COR OF NE1/4 OF NE1/4, SEC 7, T36N,R1E; TH W 165FT; TH N 165FT; TH E 165FT; TH S 165FT TO POB, PT OF NE1/4 OF NE1/4. 706/899;757/294;1323/724
Legal Description COM 330FT N OF SE COR OF NE1/4 OF NE1/4, SEC 7, T36N,R1E; TH W 165FT; TH N 165FT; TH E 165FT; TH S 165FT TO POB, PT OF NE1/4 OF NE1/4. 706/899;757/294;1323/724

Utilities

Sewer type Septic Tank
Water source Well
Listing Agency: COLDWELL BANKER SCHMIDT INDIAN RIVER
Listed By: Billy Andrew · License #6506045131
Added: Jul 31 Changed: Oct 8 Last Checked: Nov 6 at 5:06AM
MLS# 201841980

Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This golf course property encompasses 85.48 acres and includes an 18-hole course, a clubhouse with a full-service restaurant and bar, and a maintenance barn. The clubhouse provides space for breakfast, lunch, dinner, drinks, private events, tournaments, and other special gatherings. The building is identified as 2,500 square feet and is supported by a parking lot.

Located at 4849 N Black River Road in Cheboygan, Michigan, the property is zoned FA. Water service is provided by a well, and wastewater is handled through a septic tank. The maintenance barn adds dedicated storage for golf course equipment and golf carts during the off-season.

Key Highlights

  • 85.48‑acre golf course property in Cheboygan, Michigan
  • 18‑hole golf course with clubhouse improvements
  • Clubhouse includes a full‑service restaurant and bar

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Rippling Rapids Golf Course

Suggested Use

Top Pick Grocery & Convenience Store Hotel & Motel Bar & Pub

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

5
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Golf course & driving range - Golf property with a clubhouse restaurant, bar, event space, maintenance barn, parking lot, well, and septic system.
Where is this golf course & driving range located?
The property is located at 4849 N Black River Road Cheboygan, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 85.48‑acre golf course property in Cheboygan, Michigan; 18‑hole golf course with clubhouse improvements; Clubhouse includes a full‑service restaurant and bar
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