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    12877 Us-31 Charlevoix, MI 49720

    For Sale
    $499,000

    3.2 Acres, US-31 Frontage, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.2-acre commercial property boasts 200 feet of high-visibility frontage on US-31, just north of downtown Charlevoix, Michigan. Located at 12877 US-31 N, Charlevoix, MI 49720, this strategically positioned land offers significant redevelopment potential. Currently zoned commercial, it's approximately 1.5 miles from the heart of Charlevoix, ensuring convenient access to amenities and a thriving community. The property's prominent location on a major thoroughfare guarantees substantial exposure for any commercial venture. While an existing residence is present and occupied on a month-to-month basis, all structures are sold "as is," presenting a unique opportunity for a complete redevelopment project tailored to the buyer's vision. The asking price for this remarkable opportunity is $499,000. This is an ideal location for businesses seeking high visibility and easy access to Charlevoix's vibrant downtown area. Don't miss this chance to acquire a prime piece of commercial real estate in a desirable Michigan location.

    Property Features for 12877 Us-31

    General Information

    Property type
    Land

    HighLights

    • $499,000 asking price.
    • 3.2‑acre vacant commercial land parcel.
    • 200' of US‑31 frontage in Charlevoix, MI.
    • High visibility, ideal for commercial development.
    • Located ~1.5 miles from downtown Charlevoix.
    • Currently zoned commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charlevoix
    County
    Charlevoix
    State
    Michigan
    Longitude
    -85.2377702
    Latitude
    45.3274792

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    FAQs

    What type of property is this?
    Land - 3.2 Acres, US-31 Frontage, High Visibility
    Where is this land located?
    The property is located at 12877 Us-31 Charlevoix, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; 3.2-acre vacant commercial land parcel.; 200' of US-31 frontage in Charlevoix, MI.
    (231) 929-2300
    Request Owner's contact information
    12877 Us-31 Charlevoix, MI 49720
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    Charlevoix, MI 49720
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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
    12877 Us-31 Charlevoix, MI 49720
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