Townline Rd - Townline Rd 1.26 Acres of Residential Land Offered at $170,500 in Cheboygan, MI 49721

±1.26 acres zoned R-M (Multiple Residential), offering an excellent opportunity for townhome or low-rise apartment development in a supply-constrained rental market. A MSHDA-supported 2024 Housing Needs Assessment identifies Cheboygan County as having a rental housing gap exceeding 400 units over the next five years, with existing multifamily inventory operating at or near 0% vacancy. Market fundamentals support new construction across both workforce and market-rate segments. The site benefits from municipal water, sewer, and natural gas availability and has undergone preliminary MSHDA market review and site-level due diligence, reducing entitlement risk and shortening development timelines. Located adjacent to the North Eastern State Trail, the parcel offers a lifestyle-oriented setting attractive to long-term renters. Proximity to major retailers, including Walmart Supercenter and Tractor Supply Co., as well as local shopping, services, and employment centers, further enhances demand. Ideal for developers seeking scale, zoning alignment, and validated housing need. An additional 0.44 acre adjacent parcel is also available for sale. Seller willing to accept cryptocurrency like XRP and Bitcoin as payment.