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    Specialty properties

    3 Straits Hwy, Cheboygan, MI 49721

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    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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    Owner & transaction history
    Owner on record
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    Permitted uses
    Allowed · conditional · prohibited
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