3025 Us-23 Cheboygan, MI 49721

Property Details for 3025 Us-23

Year built

2024

Lot size

2.46 lot acres

Property size

3,436 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity in Cheboygan, Michigan, presents a compelling chance to acquire a multi-unit property with significant income potential. The property encompasses a 3,436 square foot main building featuring nine rental rooms and a 1,200 square foot house, all currently generating consistent rental income. The existing month-to-month rental agreements offer flexibility, with the potential for substantial revenue growth through increased rental rates or conversion to short-term rentals via platforms like Vrbo or Airbnb, capitalizing on the area's robust tourism. An adjacent parcel and a 720 square foot garage with a workshop provide additional development or expansion opportunities. The property sits on a 2.46-acre lot, offering ample space. Its strategic location, just two miles from downtown Cheboygan and a convenient 20-minute drive from Mackinaw City, ensures high occupancy rates and strong demand. While specific recent upgrades are not detailed, the property's current income stream and potential for increased profitability make it an attractive investment. The property's size, location, and existing income generation make it a strong contender for investors seeking a high-return opportunity in a desirable tourist destination. This is a rare chance to acquire a well-established, income-producing property with significant upside potential.

Location Insight

City

Cheboygan

County

Cheboygan

State

Michigan

Longitude

-84.4327

Latitude

45.6398