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    991 Cross Creek Ln Petoskey, MI 49770

    Sponsored
    For Sale
    $3,900,000

    Exceptional Michigan farmland, stunning views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This expansive 140-acre farm presents a unique investment opportunity in the desirable Petoskey, Michigan area. Located at 991 Cross Creek Ln, Petoskey, MI 49770, this property boasts a generous lot size ideal for a variety of agricultural uses or potential development. The land is zoned EC-R1, offering flexibility for future plans. The asking price is $3,900,000, translating to a land value of $0.64 per square foot. Situated in Emmet County, this property offers a tranquil setting with easy access to the amenities of Petoskey. The precise latitude and longitude coordinates are 45.3840052, -84.9120199, allowing for precise location verification and mapping. Given its size and zoning, this property represents a significant opportunity for agricultural operations, conservation efforts, or strategic land acquisition in a highly sought-after Michigan location. The property's substantial acreage provides ample space for various agricultural pursuits, while its proximity to Petoskey offers convenient access to local services and infrastructure. Serious inquiries are encouraged to explore the full potential of this exceptional land offering.

    Property Features for 991 Cross Creek Ln

    General Information

    Property type
    Farms
    Lot Size
    6,098,400 SF

    HighLights

    • $3,900,000 asking price for 140 acres of farmland.
    • Located in Petoskey, MI, Emmet County, zip code 49770.
    • Property type: Land, Subtype: Farm.
    • Zoned EC‑R1.
    • Land value: $0.64/sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.9120199
    Latitude
    45.3840052

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    FAQs

    What type of property is this?
    Farm - Exceptional Michigan farmland, stunning views.
    Where is this farm located?
    The property is located at 991 Cross Creek Ln Petoskey, MI.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: $3,900,000 asking price for 140 acres of farmland.; Located in Petoskey, MI, Emmet County, zip code 49770.; Property type: Land, Subtype: Farm.
    Request Owner's contact information
    991 Cross Creek Ln Petoskey, MI 49770
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    Petoskey, MI 49770
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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
    991 Cross Creek Ln Petoskey, MI 49770
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