0 Us-31, Charlevoix, MI 49720
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.