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    OFF-MARKET
    Commercial real estate

    9408 Straits Hwy, Cheboygan, MI 49721

    8 ac lot
    Property ID
    US43-2906341
    Property summary
    AI-generated overview

    This exceptional 8-acre property in Cheboygan, Michigan, presents a unique investment opportunity. Boasting 533 feet of Cheboygan River frontage and additional US-27 road frontage, this land is zoned for commercial development and offers unparalleled access to the Inland Waterway. Municipal sewer is readily available. The property comprises two parcels and includes a recently renovated 3-bedroom, 2-bathroom home featuring high-end kitchen cabinets, granite countertops, updated appliances, new windows, roof, and siding. A 30' x 40' pole barn provides ample storage space, and a private dock is perfect for boating enthusiasts. Conveniently located near the US-27/M-33 junction, this property offers easy access to Cheboygan's amenities and a short boat ride to Mullett Lake. The combination of prime commercial zoning, extensive river frontage, existing residential improvements, and convenient location makes this an exceptional opportunity for developers and investors alike. The property's address is 9408 N Straits Hwy, Cheboygan, MI 49721. The asking price is $1,100,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 8 ac (348,480 SF)
    UPID US43-2906341
    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
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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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