Cheboygan, MI Specialty Properties for Sale

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Indian River, MI Ocqueoc, MI Topinabee, MI

14 listings

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$750,000

8.20 Acres

Waterfront Land in Cheboygan, MI

9840 N Straits Highway, Cheboygan, MI 49721

Desirable waterfront property with multiple possibilities near Inland Waterway.

Waterfront property offering stunning views and direct access.
Located in a desirable area, this property is an excellent investment.
Development possibilities available (splits subject to approval).
Enjoy close proximity (half a mile) to Forks State Boat Launch.
Direct access to the Inland Waterway.

Updated: Jun 5, 2025

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$3,662,000

14,550 SF

NNN Leased Walgreens with Drive-Thru

991 S Main St, Cheboygan, MI 49721

Long-term NNN leased Walgreens near McLaren Northern Michigan medical center.

Long‑term NNN lease to Walgreens Corporate guaranteed through February 2032, providing stable income.
High visibility location at a signalized intersection on Main Street (M‑27), a primary commercial corridor with 13k+ VPD.
High 9.50% Cap Rate.
Located near McLaren Northern Michigan medical center and across from Cheboygan County Courthouse, attracting consistent traffic.
No CVS Pharmacy, Rite Aid or other Walgreens competition within a 30‑mile radius.

Updated: Nov 21, 2025

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Cheboygan Boat Slip For Sale

Premier 40' boat slip at Duncan Bay Boat Club.

902 Boat Club Drive, Cheboygan, MI 49721

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40' Boat Slip on Straits

40' boat slip with amenities on the Straits of Mackinac.

186 Boat Club Drive, Cheboygan, MI 49721

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40' Boat Slip on Straits

40' boat slip with amenities on the Straits of Mackinac.

187 Boat Club Drive, Cheboygan, MI 49721

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Free-Span Retail Fronting Wal-Mart Super Center

$850,000

7,000 SF

Free-Span Retail Fronting Wal-Mart Super Center

NNN retail property with open free-span layout and dedicated parking, positioned directly in front of a major anchor.

11617 Straits Hwy, Cheboygan, MI 49721

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$1,250,000

20,480 SF

Former Armory Building on Large Lot

20,480 SF building on almost 4 acres for sale.

610 S Cuyler Street, Cheboygan, MI 49721

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40ft Boat Slip For Sale

40ft boat slip in Duncan Bay Boat Club.

72 Boat Club Drive, Cheboygan, MI 49721

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$139,000

2.70 Acres

Waterfront Lot on Black River

2.9 acre waterfront lot with 171' frontage.

Off River Edge Drive, Cheboygan, MI 49721

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$159,000

3.00 Acres

Waterfront Lot on Black River

3-acre waterfront lot with 225' frontage on the Inland Waterway.

Off River Edge Drive, Cheboygan, MI 49721

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$139,000

2.90 Acres

Waterfront Lot on Black River

2.9 acre waterfront lot with 211' frontage.

Off River Edge Drive, 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 River Edge Drive, Cheboygan, MI 49721

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$159,000

3.00 Acres

Waterfront Lot on Black River

3-acre waterfront lot with 225' frontage on the Inland Waterway.

Off River Edge Drive, Cheboygan, MI 49721

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$159,000

3.70 Acres

Waterfront Lot on Black River

3.7 acre waterfront lot with 220' frontage.

Off River Edge Drive, Cheboygan, MI 49721

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 14 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.

$2,800,000

37,420 SF

Thriving Marina on US-31

Northern Michigan marina with indoor storage and retail space.

3859 US-31, Brutus, MI 49716

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$2,800,000

31,540 SF

Thriving Marina on US-31

Marina with indoor storage and retail space on 13.9 acres.

3859 US-31, Brutus, MI 49716

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$5,275,846

19,200 SF

Petoskey Specialty Property For Sale

Specialty property with a new, 7-year NNN lease.

4170 Cedar Bluff Drive, Petoskey, MI 49770

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$449,900

3,800 SF

Commercial Building in Petoskey, MI

Commercial building with dining hall, kitchen, and parking.

403 Madison St, Petoskey, MI

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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.

$140,000

30-Foot Boat Slip in Charlevoix

30-foot boat slip with amenities in Charlevoix, Michigan.

202 Ferry, Charlevoix, MI 49720

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$39,900

0.21 Acres

Commercial Hangar Lot in Kewadin

Buildable commercial lot with runway access in Torch Lake, Michigan.

6 Hangar Way, Kewadin, MI 49648

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$120,000

2.93 Acres

Commercial Land Near M-32

2.93 acre commercial land with B2 zoning near M-32.

1930 M-32 W, Alpena, MI 49707

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Northport Buildable Acreage with Building

$499,000

7.88 Acres

Northport Buildable Acreage with Building

7.88 acres near Northport with existing building and utilities.

11184 N Mill Street, Northport, MI 49670

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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.

Land

Value Estimation by Request

3 Straits Hwy, Cheboygan, MI 49721

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Cheboygan, MI Specialty Properties Market Trends and Statistics

Explore 15 specialty properties for sale in Cheboygan, MI, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 42,030 square feet of properties for sale, with an estimated market value of $5,762,000.

Sale prices for properties in Cheboygan, MI start at $850,000, averaging $1,920,666, and reaching up to $3,662,000 — 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

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	$355.7K

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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