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    Cheboygan, MI
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    Cheboygan, MI Multifamily Properties for Sale

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    Fully Occupied Multifamily Property
    Updated: Aug 10
    Fully Occupied Multifamily Property

    225 BACKUS STREET, Cheboygan, MI 49721

    $150,000
    Multifamily property with units currently rented at full occupancy
    Located within Cheboygan city limits
    225 Backus Street, Cheboygan, MI 49721
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    Fully Occupied Multifamily Property
    Updated: Aug 10
    Fully Occupied Multifamily Property

    501 N BALL STREET, Cheboygan, MI 49721

    $75,000
    Reported at full occupancy
    Located at 501 N Ball Street, Cheboygan, MI 49721
    Multifamily housing asset in Cheboygan County
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Development Land with Road Frontage
    Commercial Development Land with Road Frontage

    1314/1316 Boyne Avenue, Boyne City, MI 49712

    $995,000
    2,005 sqft 1.89 AC lot

    High-visibility industrial-comm parcel with extensive frontage, city sewer access, and existing rental residences.

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    Remodeled Duplex with Private Entrances
    Remodeled Duplex with Private Entrances

    415 Liberty Street, Petoskey, MI 49770

    $559,900
    2,318 sqft

    Duplex in Residential zoning with private entrances, in-unit laundry, and off-street driveway parking.

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    Duplex with One-Car Garage
    Duplex with One-Car Garage

    513 Liberty St, Petoskey, MI 49770

    $340,000
    1,816 sqft

    Duplex in RM-2 zoning with two units, natural gas heat, shingle roof, and a one-car garage plus off-street parking.

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    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    1314/1316 M-75, Boyne City, MI 49712

    $995,000
    2,500 sqft 1.89 AC lot

    Nearly 2 acres with 270 feet of high-visibility frontage, city sewer access, and two rental homes plus an accessory pole barn.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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    Recreation Land with Boat Slip
    Recreation Land with Boat Slip

    831 S Main Street, Au Gres, MI 48703

    Contact for pricing
    0.01 AC lot

    Seasonal recreational setup with a trailer addition, private patio, and access to shared community amenities.

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    Multi-Building Resort Lodge
    Multi-Building Resort Lodge

    1306 N Tippy Dam Road, Wellston, MI 49689

    $900,000
    22.24 AC lot

    Hospitality property with guest lodging, conference space, and a commercial kitchen.

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    Private Camping Lot with Electrical Hookups
    Private Camping Lot with Electrical Hookups

    4537 Pine Run Road, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Recreation lot in a private gated association with multiple 30 AMP electrical and septic hookups for camper-ready use.

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    Cheboygan, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Cheboygan, MI on our real estate platform.

    Sale prices for multifamily properties in Cheboygan, MI start at $75,000, averaging $112,500, and reaching up to $150,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 14K
    Population Growth (5Y) -2.2%
    Median Household Income $60,840
    College Educated 29.7%

    Taxes & Financing

    Tax Rate (average for all types) 3.46%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

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