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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 Market52

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: Sep 13 Last Checked: Sep 20 at 3:06PM
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.

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

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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
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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
More about this property
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