V/L 1.26AC Townline Road 1.26 Acres, Cheboygan, MI 49721
T37N/R1W · Cheboygan County
Key Facts
Description
±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.
Property Information
Property Type
Land
Lot Size
1.26 acres
Lot Dimensions
1.26
Zoning
R-M
MLS® Listing#
201838333
Property Features
Utilities
Sewer
Financial Details
Parcel Number
055-006-300-001-06
Directions
From Cheboygan, take Main St. south to West Lincoln Ave. Go south on S. Huron St. Then west on Stempky St. Go until you hit Townline Rd. The property will be on the corner of Stempky St. and Townline Rd, across from the Brook.
Affordability Calculator
$20,000
Estimated monthly payment
$532/mo
Principal $80,000 · Est. interest $111,607 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cheboygan, MI
- $340,000
- Median Listing Price
- 47
- Median Days on Market
- 1,704
- Median Sq Ft
- $189
- Median Price / Sq Ft
- 61
- Active Listings
- This home’s price is 71% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cheboygan, MI.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| V/L 0.59AC Townline Road 0.59 Acres, Cheboygan, MI | $79,900 | — | — | — |
| 715 Indian Trail Road 99 & 100, Cheboygan, MI | $89,600 | — | — | — |
| 9729 N Godin Circle, Cheboygan, MI | $95,000 | — | — | — |
| 912 S Huron Street 6.42 acres, Cheboygan, MI | $99,000 | — | — | — |
| 5829 Krouse Road, Cheboygan, MI | $99,900 | — | — | — |
| 10898 N Black River Road, Cheboygan, MI | $105,000 | 2 | 1 | 1,052 |
Moving Cost Estimate
Listing Courtesy: The TEAM Real Estate Group - 9897326500
Last Updated: 2025-12-23