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    4281 Pickeral Lk, Petoskey, MI 49770

    55.42 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 55.42-acre property presents a unique investment opportunity in the desirable Petoskey, Michigan area. Situated on the northeast side of town, just outside the city limits, this expansive parcel offers significant potential for various development projects or single-use occupancy. The land comprises three combined parcels, all zoned for Residential, Farm, and Forest uses, providing considerable flexibility for future plans. A key feature is the impressive over 1500 feet of frontage along Pickeral Lake Road, ensuring excellent visibility and accessibility. The property's size and zoning regulations allow for a wide range of possibilities, from residential subdivisions to agricultural ventures, or even a single large-scale development. The location offers a blend of tranquility and proximity to the amenities of Petoskey, making it an attractive proposition for both developers and individuals seeking a substantial landholding in a picturesque setting. Serious inquiries are encouraged to explore the full potential of this remarkable property. The asking price is $568,000.

    Property profile
    Verified
    Property type Investment properties
    Lot 55.42 ac (2,414,095 SF)
    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
    AI Approach AI
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    CAP Approach CAP
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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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