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Property profile & analytics
OFF-MARKET
Specialty properties

3 Straits Hwy Cheboygan, MI 49721

Property ID
Property summary
AI-generated overview

This exceptional commercial lot, located at Lot 3 N Straits Highway in Cheboygan, Michigan (49721), presents a unique investment opportunity. Priced at $146,900, this special purpose land boasts high visibility and traffic counts due to its strategic position on N Straits Highway, directly across from Save-A-Lot. The property benefits from existing infrastructure, including readily available gas, electric, and sewer connections. Access is facilitated by a shared driveway with Dollar General, providing convenient ingress and egress. Furthermore, the potential exists for an additional entrance off Old Orchard Drive, enhancing accessibility and flexibility for future development. This prime location is ideal for a variety of commercial ventures, capitalizing on the high traffic volume and established commercial presence in the immediate vicinity. The lot's size and existing utilities make it a ready-to-develop site, minimizing upfront infrastructure costs. This is an exceptional opportunity to establish a business in a thriving commercial area.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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