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Cheboygan, MI Residential Income Properties for Sale

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$102,000

Cheboygan Duplex with Immediate Occupancy

354 Sammons St, Cheboygan, MI 49721

Duplex in Cheboygan, MI, partially updated and ready for occupancy.

Two Units: Featuring a 3 bed, 1 bath upper unit and a 2 bed, 1 bath lower unit.
Immediate Occupancy: Available for immediate move‑in.
Appliances Included: Comes with a Refrigerator and Electric Range.
Multiple Bedrooms: Offers a total of 5 bedrooms across both units.
Public Sewer: Connected to public sewer system.

Last Update: Dec 10

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Cheboygan Multifamily Investment Opportunity

$499,000

7,500 SF

Cheboygan Multifamily Investment Opportunity

726 S Huron St, Cheboygan, MI 49721

Fully occupied 6-unit apartment complex near McLaren Hospital.

Fully occupied 6‑unit apartment complex.
Prime location directly across from McLaren Hospital and minutes from Downtown Cheboygan.
Approximately 8.35% CAP rate.
Value‑add potential through future development of excess acreage (2.5 ± acres total).
Each unit includes two private parking spaces, a semi‑private backyard area, and a dedicated storage shed.

Last Update: Nov 8

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$198,000

1,800 SF

Commercial Building with Coffee Shop

Commercial building with established coffee shop and apartment in Cheboygan.

211 W State St, Cheboygan, MI 49721

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$568,000

55.42 Acres

Petoskey Lakefront Development Land

55 Acres, Mixed-Use Potential, Lakefront

4281 Pickeral Lk Rd, Petoskey, MI 49770

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Updated Commercial Building in Wolverine

$599,000

0.60 Acres

Updated Commercial Building in Wolverine

Five-unit commercial building with rental income potential in downtown Wolverine.

12909 S Straits Hwy, Wolverine, MI 49799

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$115,000

1,328 SF

Historic Home in Wolverine Village

Charming 3-bedroom home near Rails to Trails and Sturgeon River.

12818 S Straits Hwy, Wolverine, MI 49799

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$350,000

1,816 SF

Petoskey Duplex: Income Potential

Centrally located Petoskey duplex with income potential near downtown.

513 Liberty St, Petoskey, MI 49770

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$67,500

Residential Land in Cheboygan, MI

1.8-acre residential land parcel zoned for multi-family development.

506 Stempky St, Cheboygan, MI 49721

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$69,900

Pending

Wooded Land Near State Land

10 acres near Cheboygan, backing up to state land.

10320 Upper Mograin Rd, Cheboygan, MI 49721

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$69,900

10.09 Acres

Wooded Land Near State Land

10.09 acres near Cheboygan, MI, backing state land.

10320 Upper Mograin Rd, Cheboygan, MI 49721

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$159,000

3.10 Acres

Waterfront Lot on Black River

3.1 acre waterfront lot with 230' frontage.

Off Riv Edge Dr, Cheboygan, MI 49721

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Cheboygan, MI Residential Income Properties Investment Opportunities Market Analysis

Explore 3 residential income properties for sale in Cheboygan, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 108,900 square feet of properties for sale, with an estimated market value of $499,000.

Prices for residential income properties in Cheboygan, MI start at $499,000, averaging $499,000, and reaching up to $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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Cheboygan, MI Residential Income Properties for Sale

Cheboygan Duplex with Immediate Occupancy

Duplex in Cheboygan, MI, partially updated and ready for occupancy.