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    Property profile & analytics

    399 Myrton M Riggs Dr Cheboygan, MI 49721

    • Industrial land
    • 9.84 lot acres
    For Sale
    View listing
    $975,000
    Value Estimation
    Last Sale
    Jul 13, 2021
    $265,000
    Location Intelligence
    Property ID
    US43-4240670
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial land

    Property Details for 399 Myrton M Riggs Dr

    Lot size
    9.84 lot acres
    Property type
    Industrial land
    APN
    053-025-403-003-06
    APU
    5302540300306

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cheboygan
    County
    Cheboygan
    State
    Michigan
    Longitude
    -84.4941
    Latitude
    45.6506

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $968
    $0.00
    $0.00
    $114,300
    -
    $0.00
    $0.00
    $228,600

    Comparable in this City

    • Value Estimation by Request
      2.10 Acres

      Cheboygan, MI 49721

      INDUSTRIAL - VACANT LAND • 2.10 Acres
      Cheboygan, MI 49721
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    • Value Estimation by Request
      0.42 Acres

      Cheboygan, MI 49721

      INDUSTRIAL - VACANT LAND • 0.42 Acres
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    • Value Estimation by Request
      12.81 Acres

      733 Riggs Dr

      INDUSTRIAL - VACANT LAND • 12.81 Acres
      733 Riggs Dr, Cheboygan, MI 49721
      View Details
    • Value Estimation by Request
      4.43 Acres

      Cheboygan, MI 49721

      INDUSTRIAL - VACANT LAND • 4.43 Acres
      Cheboygan, MI 49721
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    • Value Estimation by Request
      0.67 Acres

      Cheboygan, MI 49721

      INDUSTRIAL - VACANT LAND • 0.67 Acres
      Cheboygan, MI 49721
      View Details
    • Value Estimation by Request

      Cheboygan, MI 49721

      INDUSTRIAL - VACANT LAND
      Cheboygan, MI 49721
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      View Details
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      Four contiguous wooded lots near Cheboygan, perfect for building.
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      1.53-acre wooded parcel near Lake Huron with road frontage.
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      Wooded Lot Near Lake Huron

      Wooded lot with lake access in Cheboygan, Michigan.
      10570 Huron Trl, Cheboygan, MI 49721
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      Mullett Lake Recreational Land

      Vacant wooded lot with beach access on Mullett Lake.
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      Waterfront Land on Black River

      Estate-sized parcels with private waterfront on the Black River.
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    Similar Nearby for Lease

    • $8 SF/Yr
      74,043 SF

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      Office Properties & Spaces • 74,043 SF
      1109 State St, Cheboygan, MI 49721
      View Details
    • New
      $2,500 /Mo
      20,480 SF

      Unique Downtown Cheboygan Property

      Unique property with commercial kitchen, classrooms, and large open space.
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      View Details
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    Cheboygan, MI 49721
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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