Property profile

12877 Us-31 Charlevoix, MI 49720

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 3.2-acre commercial property boasts 200 feet of high-visibility frontage on US-31, just north of downtown Charlevoix, Michigan. Located at 12877 US-31 N, Charlevoix, MI 49720, this strategically positioned land offers significant redevelopment potential. Currently zoned commercial, it's approximately 1.5 miles from the heart of Charlevoix, ensuring convenient access to amenities and a thriving community. The property's prominent location on a major thoroughfare guarantees substantial exposure for any commercial venture. While an existing residence is present and occupied on a month-to-month basis, all structures are sold "as is," presenting a unique opportunity for a complete redevelopment project tailored to the buyer's vision. The asking price for this remarkable opportunity is $499,000. This is an ideal location for businesses seeking high visibility and easy access to Charlevoix's vibrant downtown area. Don't miss this chance to acquire a prime piece of commercial real estate in a desirable Michigan location.

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

Location

12877 Us-31 Charlevoix, MI 49720
Charlevoix metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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