Retail Store - Cheboygan, MI
Investment opportunity in downtown Cheboygan. Two current tenants occupy two connected and divisible retail spaces with a bakery/coffee shop and downtown Cheboygan's only book store in fifth year of business. Gross rental income is over $20,000 annual. Located right across the street of Cheboygan's Festival Square and walkable to multiple restaurants and downtown attractions. Upper level holds potential for up to four residential apartments for additional rental income potential of $30,000 gross annually. Large and dry basement for storage. Seller occupies one of the storefronts and is willing to move or sign a lease. Immediate income potential on this property with opportunity for development for additional rental income.
Would you like more information regarding this property?
Please call (231) 946-4404.
Data Provided by:
Northern Great Lakes Realtors MLS