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    Us-31 Charlevoix, MI 49720

    Sponsored
    For Sale
    $219,000

    Prime Commercial Land, US-31, Charlevoix, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 0 Us-31

    General Information

    Property type
    Private islands

    HighLights

    • $219,000 asking price for commercial land.
    • Located in Charlevoix, MI, on US‑31 Highway.
    • Ready for commercial development with paved service road, natural gas, water/sewer, and underground electric.
    • Less than 2 miles from downtown Charlevoix and 12 miles from Petoskey.
    • Near Little Traverse Wheelway and access to Lake Charlevoix and Lake Michigan.
    • Can be purchased as a whole or parceled into smaller lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Private islands

    Map

    City
    Charlevoix
    County
    Charlevoix
    State
    Michigan
    Longitude
    -85.221178
    Latitude
    45.33210398

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    FAQs

    What type of property is this?
    Private island - Prime Commercial Land, US-31, Charlevoix, MI
    Where is this private island located?
    The property is located at Us-31 Charlevoix, MI.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: $219,000 asking price for commercial land.; Located in Charlevoix, MI, on US-31 Highway.; Ready for commercial development with paved service road, natural gas, water/sewer, and underground electric.
    (231) 675-4474
    Request Owner's contact information
    Us-31 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
    Us-31 Charlevoix, MI 49720
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