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Property profile & analytics
OFF-MARKET
Mixed-use properties

4281 Pickeral Lk Rd Petoskey, MI 49770

55.42 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use 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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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