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Property profile & analytics
OFF-MARKET
Commercial real estate

9408 Straits Hwy Cheboygan, MI 49721

1,352 SF 8 ac lot
Property ID
US43-2906341
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 1,352 SF
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
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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