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Listed by Mark Mleczewski • Pure Michigan Property
$319,000
Est. payment /mo
3,436 SqFt
Active
3025 US-23 Cheboygan, MI 49721
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Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 3,436 sqft
Price per Sqft $92
Subdivision T 38N R 1 W
MLS Listing ID 201831988
Property Sub-Type Hospitality
Property Description
GREAT INVESTMENT OPPORTUNITY! This exceptional property features 9 rental rooms and a 1,200 sq. ft. house, all generating steady income. With a few minor updates, rental rates could easily increase by 20%, maximizing your return on investment. The property also includes an adjacent parcel and a 720 sq. ft. garage with a workshop, offering even more potential for expansion or development. Currently, the rooms are rented on a month-to-month basis, but they could easily be converted into overnight Vrbo or Airbnb rentals, adding flexibility and increased revenue. The property is ideally located just 2 miles from downtown Cheboygan and only 20 minutes from Mackinaw City, offering multiple income opportunities thanks to the area's high tourism and travel demand. Recent upgrades include
Location
State MI
County Cheboygan
Zoning Comm
Direction From Cheboygan. East on US-23 About 2 miles to Butler Rd. Property is on the left.
Exterior
Road Frontage Paved
Building
Sewer Septic
Water Well
Structure Type Frame
Schools
School District Cheboygan Area
Others
HOA Fee Include No
Acceptable Financing Corporation
Listing Terms Corporation