V/L Par A Stempky Street Parcel A, Cheboygan, MI 49721
T37N/R1W · Cheboygan County
Key Facts
Description
±0.44 AC R-M zoned infill site, well suited for a duplex or small townhome project. The 2024 MSHDA Housing Needs Assessment confirms severe rental shortages in Cheboygan County, with demand extending into market-supported attached units. Municipal water, sewer & natural gas available. Near Walmart Supercenter, Tractor Supply Co., local retail & services, and the North Eastern State Trail, offering both convenience & lifestyle appeal. Prior MSHDA market research supports feasibility, making this a strong small-scale residential investment opportunity.
Property Information
Property Type
Land
Lot Size
0.44 acres
Lot Dimensions
0.44
Zoning
R-M
MLS® Listing#
201838334
Property Features
Utilities
Sewer
Financial Details
Parcel Number
055-006-300-001-05
Directions
From Cheboygan, take Main St. south to West Lincoln Ave. Go south on S. Huron St. Then west on Stempky St. The property will be on the left/south side of the road just prior to RR tracks/North Eastern State Trail.
Affordability Calculator
$10,000
Estimated monthly payment
$266/mo
Principal $40,000 · Est. interest $55,804 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 85% 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 |
|---|---|---|---|---|
| 1734 E State Street, Cheboygan, MI | $39,000 | — | — | — |
| 55 Chelsey Lane, Cheboygan, MI | $42,500 | 3 | 2 | 1,120 |
| V/L Trout Creek Road, Cheboygan, MI | $44,900 | — | — | — |
| N Black River Road 5 Acres, Cheboygan, MI | $46,000 | — | — | — |
| 5544 US-23 7.66 acres, Cheboygan, MI | $49,000 | — | — | — |
| Parcel 2 VFW Rd, Cheboygan, MI | $49,500 | — | — | — |
Moving Cost Estimate
Listing Courtesy: The TEAM Real Estate Group - 9897326500
Last Updated: 2025-12-23