Property summary
The property is a historic landmark building constructed in 1889 and formerly used as the Third Ward Elementary Schoolhouse in Cheboygan. The structure features original stone foundation elements, tall windows, grand interior architectural character with soaring ceilings, and expansive room areas. The site includes a lot measuring 0.67 acres. The building’s layout and size provide flexibility for multiple potential uses, including conversion to a residential estate or private residence, multi-unit apartment configuration, boutique hotel or bed-and-breakfast, daycare facility, non-profit headquarters, corporate office space, community center, or wedding and event venue, subject to applicable regulations and permitting.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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