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704 S Main St
Cheboygan, MI 49721
Lincoln Bridge Plaza · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • STRONG RETAIL/MEDICAL TENANT MIX
  • SUCCESSFUL RETAIL MARKET – CHEBOYGAN
  • STRATEGIC MEDICAL LOCATION – MCLAREN HEALTH CENTER
  • RECENT BUILDING IMPROVEMENTS

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
29,586 SF
Building Class
C
Year Built
1956
Price
$1,700,000
Price Per SF
$57.46
Cap Rate
9.65%
NOI
$163,982
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
2.23 AC
Zoning
B-3 General Business
Parking
175 Spaces (5.91 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
055-G17-002-001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,035,200
  • Listing ID: 26259726

  • Date on Market: 7/26/2022

  • Last Updated:

  • Address: 704 S Main St, Cheboygan, MI 49721

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