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    Cheboygan, MI
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    Cheboygan, MI Residential Land & Home Lots for Sale

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    99 properties
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    Waterfront Lot on Long Lake
    Updated: May 18
    Waterfront Lot on Long Lake

    5130 Hiawatha Drive, Cheboygan, MI 49721

    $211,000
    0.47 AC lot
    100 feet of pristine waterfront on Long Lake with crystal‑clear water
    Cleared and prepped for building, including installed drain field, driveway, and electricity on site
    Approved and ready to build with vacant land evaluation completed and BOCA homes allowed
    Stunning stone retaining wall protects shoreline and enhances curb appeal
    Long Lake offers low boat traffic, incredible fishing, and a peaceful atmosphere
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    Waterfront Land with Building Sites
    Updated: Aug 13
    Waterfront Land with Building Sites

    MOONLIGHT BAY ROAD, Cheboygan, MI 49721

    $649,000
    Directly along the Inland Waterway and fronting the Cheboygan River
    Multiple potential waterfront building sites
    Electric service extended to the waterfront building sites
    Established driveway on the property
    Bridge crossing a low ravine
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    Ready-to-Build Residential Lot
    Ready-to-Build Residential Lot

    2431 Bennett Road, Cheboygan, MI 49721

    $66,000
    0.69 AC lot

    Ready-to-build lot with electric, installed well, newer driveway, and an approved septic permit, plus a 2023 travel trailer included.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Vacant Land
    Vacant Land

    3282 Edgewater Dr, Cheboygan, MI 49721

    $265,000

    Waterfront Land

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    Waterfront Buildable Lot
    Waterfront Buildable Lot

    9729 N Godin Circle, Cheboygan, MI 49721

    $95,000
    0.28 AC lot

    Buildable waterfront lot with 100 feet of frontage on Twin Lakes, suited for a year-round home or seasonal retreat.

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    Waterfront Land Parcel
    Waterfront Land Parcel

    1321 Pioneer Road, Cheboygan, MI 49721

    $110,000
    8.11 AC lot

    8.11-acre parcel with elevated views of Mullett Lake and a driveway already cut in for development.

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    Waterfront Land Parcel with Walkout Potential
    Waterfront Land Parcel with Walkout Potential

    Lower Mograin lot: 12, Cheboygan, MI 49721

    $165,000
    1.80 AC lot

    Waterfront Black River parcel with gentle slope suitable for a walkout basement and private shoreline use.

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    Vacant Land
    Vacant Land

    11619 Mackinaw Straits Dr, Cheboygan, MI 49721

    $329,900

    Waterfront Land

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    Land, Cheboygan, MI
    Land, Cheboygan, MI

    N Straits Highway, Cheboygan, MI 49721

    $195,000
    28.14 AC lot

    Commercial land · 28.14 Acres

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    Black River Waterfront Land Parcel
    Black River Waterfront Land Parcel

    Lower Mograin lot: 11, Cheboygan, MI 49721

    $165,000
    1.70 AC lot

    Waterfront land on the Black River with a gentle slope and walkout basement suitability for a future home site.

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    Vacant Land
    Vacant Land

    Lot 4 W Us 23 Highway, Cheboygan, MI 49721

    $125,000

    Waterfront Land

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    Multi-Family Zoned Development Land
    Multi-Family Zoned Development Land

    912 S Huron Street, Cheboygan, MI 49721

    $99,000
    6.42 AC lot

    Vacant land totaling 6.42 acres in Cheboygan with multi-family zoning and municipal water and sewer available.

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    Wooded Residential Land Parcel
    Wooded Residential Land Parcel

    6330 S River Road, Cheboygan, MI 49721

    Contact for pricing
    1.00 AC lot

    Nearly one-acre wooded parcel on paved S River Road near Black River.

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    Vacant Land
    Vacant Land

    Lot 6 Mograin, Cheboygan, MI 49721

    $185,000

    Waterfront Land

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    Waterfront Land Parcel for a Estate Home
    Waterfront Land Parcel for a Estate Home

    Mograin lot: 9, Cheboygan, MI 49721

    $185,000
    2.60 AC lot

    Waterfront land on the Black River with private shoreline and a gentle slope suitable for a walkout design.

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    Waterfront Land with Riverfront Access
    Waterfront Land with Riverfront Access

    Mograin lot: 6, Cheboygan, MI 49721

    $185,000
    2.60 AC lot

    Estate-size parcels on the Black River with private waterfront and gentle slope for walkout design options.

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    Vacant Land
    Vacant Land

    Lot 9 W Us 23 Highway, Cheboygan, MI 49721

    $160,000

    Waterfront Land

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    Private Waterfront Land Parcel
    Private Waterfront Land Parcel

    Mograin Rd lot: 3, Cheboygan, MI 49721

    $185,000
    2.30 AC lot

    Waterfront land on the Black River with build-ready terrain well suited for a walkout basement design.

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    Vacant Land
    Vacant Land

    L 1-2 4-p7 Huron Street, Cheboygan, MI 49721

    $109,000

    Residential land & home lots

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    Land, Cheboygan, MI
    Land, Cheboygan, MI

    3282 Edgewater Drive, Cheboygan, MI 49721

    $265,000
    0.63 AC lot

    Waterfront Land · 0.63 Acres

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    Vacant Land
    Vacant Land

    A2 Galbraith, Cheboygan, MI 49721

    $69,000

    Residential land & home lots

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    Cheboygan Wooded Building Lot
    Cheboygan Wooded Building Lot

    8667 W Black Lane lot: 20, Cheboygan, MI 49721

    Contact for pricing
    0.67 AC lot

    Prime wooded lot in established Cheboygan neighborhood, seller financing!

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    Vacant Land
    Vacant Land

    A3 Galbraith, Cheboygan, MI 49721

    $69,000

    Land

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    Land, Cheboygan, MI
    Land, Cheboygan, MI

    11619 Mackinaw Straits Drive, Cheboygan, MI 49721

    $329,900
    5.00 AC lot

    Waterfront Land · 5.00 Acres

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    Cheboygan, MI Residential Land & Home Lots Market Trends and Statistics

    Explore 99 residential land & home lots for sale in Cheboygan, MI, showcased through 99 active listings on our real estate platform. These investment opportunities span a total of 6,874,204 square feet of properties for sale, with an estimated market value of $10,281,400.

    Sale prices for home sites in Cheboygan, MI start at $32,000, averaging $130,144, and reaching up to $649,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Waterfront Land 55
    Residential land & home lots 46
    Recreation land 35
    Hunting land 19
    Commercial land 16

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Cheboygan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49721 $108.7K

    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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