4281 Pickeral Lk Rd Petoskey, MI 49770
This exceptional 55.42-acre property, located at 4281 Pickeral Lake Rd in Petoskey, Michigan (zip code 49770), presents a unique investment opportunity. The land comprises three combined parcels (APN: 24-01-16-26-400-004, 003, 300-030), offering significant development potential or the possibility of single-use. Situated on the northeast side of Petoskey, this expansive lot boasts over 1500 feet of frontage on Pickeral Lake Road, providing excellent visibility and accessibility. Currently zoned for both Residential and Farm/Forest use, this versatile property allows for a wide range of development options. The asking price is $568,000. The property is privately owned and offers a significant opportunity for those seeking a substantial land holding with diverse potential uses in a desirable location. The absence of existing structures allows for complete design flexibility, making it ideal for a variety of projects. The substantial acreage and prime location make this a rare find in the Petoskey area. This is a chance to acquire a significant parcel of land with exceptional lakefront access and development potential.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.