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    OFF-MARKET
    Commercial real estate

    991 Cross Creek Ln, Petoskey, MI 49770

    140 ac lot
    Property ID
    US43-4287223
    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 Commercial real estate
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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