Northern Michigan Opportunity

Special Purpose for Sale
Catylist Listing ID: 30623391
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Sale Price: $300,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2020

Overview / Comments

Rare Opportunity In Northern Michigan! Just over a 1/2 acre in downtown Indian River, Michigan. Eight(8) cabins on over 300 feet of frontage on the Sturgeon River, and access via the river to Beautiful Burt Lake. This property is family owned for over 40 years and is now available! Cabins(to be sold "as is") will need extensive remodeling, or prime location to re-develop this property for condos or retail .

Attachments & Media

Additional Details

Nearest MSA: Alpena
County: Cheboygan
Submarket Type: Sanitary Improvement District
Taxing Authority: Cheboygan County
Tax ID/APN: 161-025-200-010-00
Zoning: COMMERCIAL IMPROVED
Property Located Between: Straits Hwy. - I-75
Highway Access: 1/4 mile from I-75
Site Description: Beautiful property with endless potential
Area Description: On the Sturgeon River - Across from State Park - Restaurants - lakes - Easy highway access - outdoors activities
Total Number of Buildings: 8
Number of Stories: 1
Roof Type: Gable
Construction/Siding: Other
Exterior Description: Log Cabins
Parking Type: Surface
Parking Description: Gravel - Dirt
Heat Type: Natural Gas
Heat Source: Other
Zoning Description: Commercial Improved 201
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,350 5,563
Median Age: 49.39 48.61
Households: 1,068 2,436
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