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    OFF-MARKET
    Land

    0 Us-31, Charlevoix, MI 49720

    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land parcel presents a unique development opportunity along a high-traffic stretch of US-31 in Charlevoix, Michigan. Priced at $219,000, this site boasts significant advantages for businesses seeking visibility and accessibility. Located less than two miles from downtown Charlevoix and twelve miles from Petoskey, this property benefits from its proximity to major population centers and tourist destinations. The land is conveniently situated adjacent to the Little Traverse Wheel-Way, offering easy access to recreational opportunities and attracting a diverse clientele. Furthermore, its close proximity to public access points for both Lake Charlevoix and Lake Michigan enhances its appeal. Infrastructure improvements completed in October 2022 include a paved service road, natural gas lines, township water and sewer connections, and underground electric service. This turnkey solution eliminates significant upfront development costs. The property is offered as a whole, but can be divided into smaller parcels to accommodate various business needs and budgets, offering flexibility for potential buyers. This is an unparalleled chance to establish a thriving business in a vibrant and desirable location within Northern Michigan.

    Property profile
    Verified
    Property type Land
    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
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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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