Cheboygan, MI Waterfront Land for Sale

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81 properties

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Updated: Jul 2

Waterfront Land with Driveway & Bridge

Moonlight Bay Road, Cheboygan, MI 49721

$649,000

22.00 AC lot

Estate‑sized parcel with multiple potential waterfront building sites overlooking the Cheboygan River
Located directly along the Inland Waterway
Minutes from downtown Cheboygan
Improvements include an established driveway and electric service extended to the waterfront building sites
Bridge crossing the low ravine provides access across the property

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Updated: May 18

Waterfront Lot on Long Lake

5130 Hiawatha Drive, Cheboygan, MI 49721

$211,000

0.47 AC lot

100 feet of pristine waterfront on Long Lake with crystal‑clear water
Cleared and prepped for building, including installed drain field, driveway, and electricity on site
Approved and ready to build with vacant land evaluation completed and BOCA homes allowed
Stunning stone retaining wall protects shoreline and enhances curb appeal
Long Lake offers low boat traffic, incredible fishing, and a peaceful atmosphere

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Commercial Land with Billboard

V/L E STATE STREET, Cheboygan, MI 49721

$115,000

Vacant commercial land offers access from two streets and includes an existing income-producing billboard.

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Lakefront Building Site

00 W Us 23 Hwy, Cheboygan, MI 49721

$160,000

Bluff parcel with views across Lake Huron toward Bois Blanc and Mackinac Islands.

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Waterfront Land with Building Sites

MOONLIGHT BAY ROAD, Cheboygan, MI 49721

$649,000

Multiple waterfront sites overlook the Cheboygan River, with electric service already extended to the building areas.

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Waterfront Buildable Lot

9729 N Godin Circle, Cheboygan, MI 49721

$95,000

0.28 AC lot

Buildable waterfront lot with 100 feet of frontage on Twin Lakes, suited for a year-round home or seasonal retreat.

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Wooded Black River Waterfront Land

V/L N BLACK RIVER ROAD, Cheboygan, MI 49721

$152,900

Wooded riverfront parcel with direct water access and recreational boating, fishing, and kayaking opportunities.

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Vacant Land

11619 Mackinaw Straits Dr, Cheboygan, MI 49721

$329,900

Waterfront Land

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Waterfront Land Parcel with Walkout Potential

Lower Mograin lot: 12, Cheboygan, MI 49721

$165,000

1.80 AC lot

Waterfront Black River parcel with gentle slope suitable for a walkout basement and private shoreline use.

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Black River Waterfront Land Parcel

Lower Mograin lot: 11, Cheboygan, MI 49721

$165,000

1.70 AC lot

Waterfront land on the Black River with a gentle slope and walkout basement suitability for a future home site.

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Vacant Land

Lot 4 W Us 23 Highway, Cheboygan, MI 49721

$125,000

Waterfront Land

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Waterfront Land Parcel for a Estate Home

Mograin lot: 9, Cheboygan, MI 49721

$185,000

2.60 AC lot

Waterfront land on the Black River with private shoreline and a gentle slope suitable for a walkout design.

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Waterfront Land with Riverfront Access

Mograin lot: 6, Cheboygan, MI 49721

$185,000

2.60 AC lot

Estate-size parcels on the Black River with private waterfront and gentle slope for walkout design options.

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Vacant Land

Lot 6 Mograin, Cheboygan, MI 49721

$185,000

Waterfront Land

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Black River Waterfront Land

V/L N BLACK RIVER ROAD, Cheboygan, MI 49721

$174,900

Wooded parcel with direct river access for boating, fishing, and kayaking.

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Private Waterfront Land Parcel

Mograin Rd lot: 3, Cheboygan, MI 49721

$185,000

2.30 AC lot

Waterfront land on the Black River with build-ready terrain well suited for a walkout basement design.

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Vacant Land

Lot 9 W Us 23 Highway, Cheboygan, MI 49721

$160,000

Waterfront Land

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Wooded Waterfront Land

V/L N BLACK RIVER ROAD, Cheboygan, MI 49721

$181,250

Wooded riverfront parcel with direct water access and recreational boating, fishing, and kayaking opportunities.

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Lake Huron Waterfront Land

9763 Highbanks Dr, Cheboygan, MI 49721

$180,000

Waterfront land on Lake Huron, ideal for building a home.

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Waterfront Land Parcel with River Access

V/L N Black River Road, Cheboygan, MI 49721

$181,250

Parcel E offers approximately 125 feet of frontage on the Black River with direct water access in Northern Michigan.

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Wooded Black River Waterfront Land

V/L N Black River Road, Cheboygan, MI 49721

$174,900

Wooded waterfront parcel with direct river access for boating, fishing, kayaking, and riverside recreation.

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Waterfront Land with River Access

V/L N Black River Road, Cheboygan, MI 49721

$152,900

Wooded parcel offers direct access to the Black River and navigable connections through Michigan’s Inland Waterway.

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Waterfront Land Parcel

V/L N Black River Road, Cheboygan, MI 49721

$145,900

Waterfront land offering 100 feet of frontage on the Black River with ample space for a home and outbuilding.

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Land, Cheboygan, MI

3282 Edgewater Drive, Cheboygan, MI 49721

$265,000

0.63 AC lot

Waterfront Land · 0.63 Acres

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Cheboygan, MI Waterfront Land Market Trends and Statistics

Explore 81 waterfront land for sale in Cheboygan, MI, showcased through 81 active listings on our real estate platform. These investment opportunities span a total of 4,290,224 square feet of properties for sale, with an estimated market value of $12,896,100.

Sale prices for water rights properties in Cheboygan, MI start at $32,000, averaging $165,334, and reaching up to $649,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$166.4K

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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