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Property profile

991 Cross Creek Ln Petoskey, MI 49770

OFF-MARKET
Land
Property ID
US43-4287223
140 ac lot

Property summary

AI-generated overview

This expansive 140-acre farm presents a unique investment opportunity in the desirable Petoskey, Michigan area. Located at 991 Cross Creek Ln, Petoskey, MI 49770, this property boasts a generous lot size ideal for a variety of agricultural uses or potential development. The land is zoned EC-R1, offering flexibility for future plans. The asking price is $3,900,000, translating to a land value of $0.64 per square foot. Situated in Emmet County, this property offers a tranquil setting with easy access to the amenities of Petoskey. The precise latitude and longitude coordinates are 45.3840052, -84.9120199, allowing for precise location verification and mapping. Given its size and zoning, this property represents a significant opportunity for agricultural operations, conservation efforts, or strategic land acquisition in a highly sought-after Michigan location. The property's substantial acreage provides ample space for various agricultural pursuits, while its proximity to Petoskey offers convenient access to local services and infrastructure. Serious inquiries are encouraged to explore the full potential of this exceptional land offering.

Property profile

Verified
Property type Land
Lot 140 ac (6,098,400 SF)
UPID US43-4287223

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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