Indian River, MI 49749,2862 Arlene
Indian River, MI 49749,2862 Arlene
Indian River, MI 49749,2862 Arlene
67
Listed by Terri A. Vizina • COLDWELL BANKER SCHMIDT INDIAN RIVER
$820,000
$899,900
8.9%
Est.Price: ?

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1.21 Acres Lot

2862 Arlene Indian River, MI 49749

Est. payment /mo
SOLD DATE : 09/30/2025

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Key Details

Sold Price $820,000

Property Type Commercial

Sub Type Business Op

Listing Status Sold

Purchase Type For Sale

Subdivision T35N, R2W

MLS Listing ID 201833215

Lot Size 1.210 Acres

Property Sub-Type Business Op

Property Description

Fantastic investment opportunity with 10 apartment units! There are four 1-bedroom apartments and six 2-bedroom apartments., all with one full bathroom. The combination of location and amenities—being close to the Indian River, the North Central Trail system, and downtown Indian River—makes it very appealing. The apartment complex offers views of the Indian River canal, which is a great selling point. Features of the apartments include a backdoor leading to a spacious backyard and an open floor plan. With passive income potential, it seems like a solid property for someone looking to invest in a growing area with a mix of outdoor activities and small-town charm. Located 1/2 mile north of Indian River, just east of Straits Highway, making travel easy for owner and tenant.

Location

State MI

County Cheboygan

Community T35N, R2W

Area T35N, R2W

Zoning commercial

Exterior

Parking Features Parking Lot

Building

Sewer Septic

Others

Acceptable Financing Conventional Mort, Cash

Listing Terms Conventional Mort, Cash

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Motus Real Estate

Motus Real Estate

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