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3025 Us-23, Cheboygan, MI 49721

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For Sale

$319,000

3,436 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $92.84
    Price per square foot

Explore this Property

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 a new water heater and boiler assist in 2017, along with three new septic tanks installed in 2016. The two parcels combined total nearly 2.5 acres, giving you ample space for further expansion or additional developments. The property's prime location makes it highly desirable, with easy access to local attractions like the Great Lakes Inland Waterway allowing boating adventures to destinations across the globe. Mackinaw City, named one of the top 10 summer travel destinations by USA Today, and nearby Mackinac Island, voted the #1 island in the continental U.S. by Travel & Leisure and TripAdvisor, make this area a hotspot for visitors year-round. In addition, the property is surrounded by top-notch golf courses, historic landmarks, the iconic Mackinac Bridge, and world-class fishing, making it an enticing destination for tourists and travelers alike. Seller will consider a LAND CONTRACT from qualified buyers. This is a rare chance to invest in an income-producing property in a high demand area. Don't miss this incredible opportunity!
MLS# 201831988

Courtesy Of Pure Michigan Property
10621 Twin Lake Road, Cheboygan, MI
(906) 420-3400

Property Features

  • Lot Size
    2.46 Acres

Map and Directions

Directions to 3025 Us-23, Cheboygan, MI 49721

Home seller CENTURY 21 C. Howard

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 C. Howard

(269) 381-9292
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Copyright © 2025 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.