902 Huron StCheboygan, MI 49721

Property Details for 902 Huron St

Lot size

0.47 AC

Property type

Commercial real estate

APN

055-006-100-001-02

APU

5500610000102

Description

This exceptional 6,436 square foot commercial office building located at 902 S Huron Street in Cheboygan, Michigan, presents a unique investment opportunity. Priced at $695,000, this property boasts a substantial amount of space ideal for a variety of professional uses. The building features numerous individual offices, perfect for accommodating a large staff or multiple tenants. Several well-appointed conference rooms are also included, providing ample space for meetings and presentations. A significant advantage is the inclusion of a large basement area, offering considerable potential for storage, additional office space, or other supplementary uses. The building's design and layout make it particularly well-suited for municipal or medical office operations, though its versatility allows for a wide range of potential applications. Situated in Cheboygan, this property benefits from a convenient location within the city. The building's size and features make it a highly attractive option for businesses seeking to establish or expand their presence in the area. This is a rare opportunity to acquire a high-quality commercial property at a competitive price point. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property sits on a lot with zero acres.

• CAP approach

  CAP return

  Valuation

  6%

  $4,237,810

  6.5%

  $3,911,830

  7%

  $3,632,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,666,610

  Geo Method

  $2,666,610

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,210,690

  Retail / Commercial

  $3,793,680

  Mixed-Use / Specialty

  $3,855,870

  Hospitality / Lodging

  $2,927,510

  Office

  $3,911,830

  Institutional / Educational

  $4,035,620

  Residential Income

  $4,721,670

  Multifamily

  $5,243,170

  Automotive / Energy

  $3,459,100

  Parking / Income-Based Land

  $1,118,890

  Restaurant / Food Service

  $2,167,060

  Healthcare / Senior Housing

  $3,876,480

Location Insight

City

Cheboygan

County

Cheboygan

State

Michigan

Latitude

45.629

Longitude

-84.4846

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].