4281 Pickeral Lk, Petoskey, MI 49770
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.