9408 Straits Hwy Cheboygan, MI 49721
This exceptional 8-acre commercial property boasts 533 feet of prime Cheboygan River frontage and additional US-27 road frontage, offering unparalleled development opportunities. The property, comprised of two parcels, is conveniently located near the US-27/M-33 junction, providing easy access to Cheboygan and beyond. Municipal sewer is available, simplifying development plans. The property includes a recently renovated 3-bedroom, 2-bathroom home featuring high-end kitchen cabinets, granite countertops, updated appliances, new windows, roof, and siding. A substantial 30' x 40' pole barn provides ample storage space. A private dock is also included, perfect for enjoying the river and the short boat ride to Mullett Lake. This unique offering combines residential comfort with significant commercial potential, making it an ideal investment for a variety of uses. The property's location and amenities present a rare opportunity for businesses seeking a high-visibility location with exceptional water access. The existing home and pole barn offer immediate utility and potential rental income. This is a truly versatile property with significant upside.
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
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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.