3 Straits Hwy, Cheboygan, MI 49721
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.