MLS # 201838333

±1.26 AC zoned R-M, ideal for townhome or low-rise apt development in a market with documented rental shortages. A MSHDA-supported 2024 Housing Needs Assessment identifies Cheboygan County with a 400+ unit rental gap over the next 5 yrs & multifamily vacancy near 0%. Municipal water, sewer & natural gas available. Located near major retailers including Walmart Supercenter & Tractor Supply Co., plus local services & employment. Adjacent to the North Eastern State Trail, supporting a lifestyle-oriented residential product attractive to long-term renters & investors.
Source: SparkMLS
Listed at $100,000.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Location
Sale & Financing
Source: SparkMLS
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Brian Wallace
The TEAM Real Estate Group
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
V/L 1.26AC Townline Road, 1.26 Acres, Cheboygan, MI 49721
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Municipality
Cheboygan
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