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Property profile & analytics
OFF-MARKET
Land

0 Us-31 Charlevoix, MI 49720

Property ID
Property summary
AI-generated overview

This exceptional commercial land parcel presents a unique development opportunity along a high-traffic stretch of US-31 in Charlevoix, Michigan. Priced at $219,000, this site boasts significant advantages for businesses seeking visibility and accessibility. Located less than two miles from downtown Charlevoix and twelve miles from Petoskey, this property benefits from its proximity to major population centers and tourist destinations. The land is conveniently situated adjacent to the Little Traverse Wheel-Way, offering easy access to recreational opportunities and attracting a diverse clientele. Furthermore, its close proximity to public access points for both Lake Charlevoix and Lake Michigan enhances its appeal. Infrastructure improvements completed in October 2022 include a paved service road, natural gas lines, township water and sewer connections, and underground electric service. This turnkey solution eliminates significant upfront development costs. The property is offered as a whole, but can be divided into smaller parcels to accommodate various business needs and budgets, offering flexibility for potential buyers. This is an unparalleled chance to establish a thriving business in a vibrant and desirable location within Northern Michigan.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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