10351 Straits HwyCheboygan, MI 49721

Property Details for 10351 Straits Hwy

Lot size

9.92 AC

Property type

Commercial land

APN

092-007-400-012-00

APU

9200740001200

Description

This exceptional 9.87-acre commercial property at 10351 N Straits Highway in Cheboygan, Michigan, presents a unique investment opportunity. Situated in a high-traffic area experiencing significant growth, this site boasts prime visibility and accessibility. The property benefits from readily available utilities, including Inverness sewer, natural gas, and electricity, simplifying development plans. A significant advantage is its proximity to the Forks Public Boat Launch on the Cheboygan River, directly across the street, offering stunning river views and potential recreational synergy. The seller is open to dividing the property into two parcels, each with frontage on North Straits Highway. One option involves a 134' x 400' parcel priced at $147,500. This flexibility allows for tailored development to suit various business needs, from retail to hospitality or light industrial uses. The expansive acreage and strategic location make this an ideal canvas for a wide range of commercial ventures. The property's high visibility and convenient access to the river and public launch make it a truly exceptional opportunity in a thriving market. This is a rare chance to acquire a substantial commercial parcel in a desirable location with significant development potential. The asking price for the entire 9.87-acre property is $285,000.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $152,193,000

  Retail / Commercial

  $80,071,700

  Mixed-Use / Specialty

  $81,384,300

  Hospitality / Lodging

  $61,789,700

  Office

  $82,565,300

  Institutional / Educational

  $85,178,000

  Residential Income

  $99,658,300

  Multifamily

  $110,665,000

  Automotive / Energy

  $73,009,800

  Parking / Income-Based Land

  $23,615,900

  Restaurant / Food Service

  $45,739,200

  Healthcare / Senior Housing

  $81,819,300

Location Insight

City

Cheboygan

County

Cheboygan

State

Michigan

Latitude

45.6097

Longitude

-84.4764

Property Tax & Assessments

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