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    Cheboygan, MI
    Residential Income

    Cheboygan, MI Residential Income Properties for Sale

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    Downtown Office Building with Apartment
    Updated: Jul 21
    Downtown Office Building with Apartment

    218 N. Main Street, Cheboygan, MI 49721

    Contact for pricing
    Office building with a common hallway and multiple offices
    Paved parking area included
    Includes a 2‑bedroom apartment/living quarters for additional income
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 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.

    Opportunities in Nearby Cities

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

    Remodeled Duplex with Private Entrances
    Remodeled Duplex with Private Entrances

    415 Liberty Street, Petoskey, MI 49770

    $559,900
    2,318 sqft

    Updated duplex offers two separate units with private entrances and in-unit laundry for flexible owner or tenant use.

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    Duplex with Two Separate Units
    Duplex with Two Separate Units

    513 Liberty St, Petoskey, MI 49770

    $340,000
    1,816 sqft

    Duplex offering a three-bedroom main-level unit and a remodeled one-bedroom upper unit, plus a one-car garage and off-street parking.

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    Furnished Triplex with Storage Outbuildings
    Furnished Triplex with Storage Outbuildings

    351 W Main St, Vanderbilt, MI 49795

    $185,900

    Three-unit triplex with recent exterior and interior upgrades, plus new septic and onsite storage suited for mid-term furnished rentals.

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    Convenience Store and Gas Station
    Convenience Store and Gas Station

    10982 N Old 27 Hwy, Vanderbilt, MI 49795

    Contact for pricing

    Convenience store and gas station business setup includes living quarters, rental cabins, and an ice cream shop.

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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.

    R-M Zoned Residential Development Land
    R-M Zoned Residential Development Land

    V/L 1.26AC Townline Road, Cheboygan, MI 49721

    $100,000
    1.26 AC lot

    Zoned R-M for townhome or low-rise apartment development with municipal water, sewer, and natural gas available.

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    Residential Infill Development Lot
    Residential Infill Development Lot

    V/L Par A Stempky Street, Cheboygan, MI 49721

    $50,000
    0.44 AC lot

    R-M zoned Cheboygan lot with municipal water, sewer, and natural gas for duplex or small townhome development.

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    Multifamily-Zoned Development Land
    Multifamily-Zoned Development Land

    V/L 1.70AC Townline Rd & Stempky St, Cheboygan, MI 49721

    $150,000

    Two parcels totaling 1.70 acres zoned R-M with municipal utilities available for low-rise multifamily housing.

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    Wooded Creekside Building Lot
    Wooded Creekside Building Lot

    Parcel 2 VFW Rd, Cheboygan, MI 49721

    $49,500
    3.80 AC lot

    Wooded 3.8-acre parcel with a creek running through, offered with seller financing and no HOA restrictions.

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    Off-Market Properties in Cheboygan, MI

    Consider similar Off-Market properties in Cheboygan, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    9408 Straits Hwy
    Land

    9408 Straits Hwy, Cheboygan, MI 49721

    Value Estimation by Request
    8.00 AC lot
    View details

    Cheboygan, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Cheboygan, MI on our real estate platform.

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    Demographics Overview

    Population 14K
    Population Growth (5Y) -2.2%
    Median Household Income $60,840
    College Educated 29.7%

    Taxes & Financing

    Tax Rate (average for all types) 3.46%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

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