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    Cheboygan, MI
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    Cheboygan, MI NNN Properties for Sale

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    Indian River, MI Ocqueoc, MI Topinabee, MI
    NNN Leased Walgreens with Drive-Thru
    Updated: Nov 21, 2025
    NNN Leased Walgreens with Drive-Thru

    991 S Main St, Cheboygan, MI 49721

    $3,662,000
    14,550 sqft
    Long‑term NNN lease to Walgreens Corporate guaranteed through February 2032, providing stable income.
    High visibility location at a signalized intersection on Main Street (M‑27), a primary commercial corridor with 13k+ VPD.
    High 9.50% Cap Rate.
    Located near McLaren Northern Michigan medical center and across from Cheboygan County Courthouse, attracting consistent traffic.
    No CVS Pharmacy, Rite Aid or other Walgreens competition within a 30‑mile radius.
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    Free-Span Retail Fronting Wal-Mart Super Center
    Updated: Jun 16
    Free-Span Retail Fronting Wal-Mart Super Center

    11617 Straits Hwy, Cheboygan, MI 49721

    $850,000
    7,000 sqft
    7,000 SF retail space with massive free‑span construction and an open layout with no poles or barriers
    Fronts Wal‑Mart Super Center, the region’s largest anchor store
    37 dedicated, paved parking spaces for customer access
    Positioned as flexible for retail or potential medical/office uses, including options to subdivide
    Triple Net (NNN) lease options or full purchase opportunity available
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Tenant-Occupied NNN Retail Condo
    Tenant-Occupied NNN Retail Condo

    232 E State Street, Traverse City, MI 49684

    $950,000
    2,270 sqft · 0.16 AC lot

    Newly constructed retail condo with tenant in-place under a 10-year NNN lease.

    View details
    High-Traffic Gerber Collision Investment
    High-Traffic Gerber Collision Investment

    3588 Tittabawassee Road, Saginaw, MI 48604

    $3,969,000
    16,500 sqft · 3.38 AC lot

    New construction NNN lease with rental increases and options.

    View details
    Vitamin Shoppe Investment Property
    Vitamin Shoppe Investment Property

    4875 Bay Rd, Saginaw, MI 48603

    $1,340,000
    3,096 sqft

    3,069 SF Vitamin Shoppe on 1.03 Acres For Sale

    View details
    Traverse City Retail Condominium
    Traverse City Retail Condominium

    204 E Front St, Traverse City, MI 49684

    $924,000
    2,000 sqft

    Single-tenant retail condo in downtown Traverse City, fully leased.

    View details

    Cheboygan, MI Nnn Properties Market Trends and Statistics

    Explore 2 nnn properties for sale in Cheboygan, MI on our real estate platform. These investment opportunities span a total of 21,550 square feet of properties for sale, with an estimated market value of $4,512,000.

    Sale prices for triple net lease properties in Cheboygan, MI start at $850,000, averaging $2,256,000, and reaching up to $3,662,000 — 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%

    High-Yield Neighborhoods for Investment

    Identify Cheboygan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49721 $2.3M

    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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