Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30835908
Property Subtypes: Street Retail
Building Status: Proposed
Building Size (RSF): 7,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.26 Acres
Sale Price: $339,000
Unit Price: $43.46 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2023

Overview / Comments

Fantastic investment opportunity on a highly visible corner lot in a prime area of Downtown Cheboygan. This property has a ton of character and features two retail spaces, four 1bed/1ba apartments, a warehouse space, and private parking off the rear of the building.

Additional Details

Nearest MSA: Alpena
County: Cheboygan
Submarket Type: Central Business District
Tax ID/APN: 054-B01-002-010-00
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1880
Parking Type: Surface
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,044 6,319 7,182
Median Age: 40.43 42.83 43.09
Households: 872 2,654 3,007
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