Walgreens - Cheboygan - 991 S Main St

Cheboygan, MI 49721

• Motel
• Retail for Sale
• $5,271,597 CAD
• 14,550 SF

Cheboygan Retail for Sale

SVN / Investment Property Advisors is pleased to present this large quality build to suit long-term NNN leased Walgreens with drive-thru on nearly 2 acres and just a quarter mile from McLaren Northern Michigan medical center and across from Cheboygan County Courthouse. Located at signalized intersection on primary commercial corridor (S. Main or M-27) with lots of nearby national retail including a Walmart Supercenter and Family Fare across the street. There are no CVS Pharmacy, Rite Aid or other Walgreen's competition within 30 miles. Cheboygan is a city in Northern Michigan just 25 miles from Mackinac Bridge and famous Mackinaw Island. The store is located on the primary commercial corridor (over 13k VPD) which is Main St, aka M-27, around a quarter mile from McLaren Medical Center and across the street from Cheboygan County Courthouse. Area retailers include a Walmart Supercenter, Family Fare, Dollar Tree, AutoZone, Advance Auto Parts, Dunham's, Ace Hardware, McDonalds, Arbys, Burger King and many more. Next to Fleetwood Inn on Cheboygan River with quick access to Lake Huron, Mackinaw City, Mackinac Bridge and Mackinac Island.

Contact:

SVN | Investment Property Advisors

Property Subtype:

Drug Store

Date on Market:

2025-05-12

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520 N Main St

Cheboygan, MI 49721

• Motel
• Office for Sale
• $888,172 CAD
• 21,780 SF

Cheboygan Office for Sale

Great investment opportunity 21,780 square foot office building 85 % leased, great visibility, ample parking with 94 spaces available, loading ramp, conference rooms, elevator, beautiful views of the Straits of Mackinac and Cheboygan River, property is zoned B-3, General Business use by the City of Cheboygan. A variety of commercial service, restaurant and tavern, governmental, hotel/motel and other ancillary use by special permit.

Contact:

Berkshire Hathaway Indian River

Date on Market:

2025-03-25

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Travelodge by Wyndham Gaylord - 833 W Main St

Gaylord, MI 49735

• Motel
• Hospitality for Sale
• $5,333,133 CAD
• 126,382 SF

• Fitness Center
• Pool

Gaylord Hospitality for Sale

New Listing/Principles Only. The Travelodge by Wyndham has a superior location, excellent visibility and accessibility. In July 2024, 60 renovated rooms were opened and all room are rentable in 2025. Room revenue should significantly increase upon completion of the ongoing PIP requirement. Originally developed in 1969 as a Holiday Inn. Motivated seller will consider reasonable offers.

Contact:

Smith Dean Burgett

Property Subtype:

Hotel

Date on Market:

2025-02-12

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610 Cuyler St

Cheboygan, MI 49721

• Motel
• Specialty for Sale
• $1,709,338 CAD
• 20,480 SF

Cheboygan Specialty for Sale

Opportunity awaits, with owner financing available! This unique property is ready for its next phase, whether a buyer is interested in using the existing 20,480 former armory building, or redeveloping the almost 4 acres of land within the city limits of Cheboygan. The building includes an open floor plan of the majority of the floor space (currently a basketball court), a commercial kitchen, multiple classrooms, and a partial basement, along with multiple bathrooms, locker rooms, and caged storage units. Outside finds plenty of parking, along with a fenced-in area; multiple splits area available. A unique opportunity awaiting a unique buyer!

Contact:

EXIT Northern Shores-TC

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2024-03-22

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Rusted Spoke Brewing Co. - 810 S Huron

Mackinaw City, MI 49701

• Motel
• Retail for Sale
• $5,319,458 CAD
• 10,000 SF

• Air Conditioning
• Security System
• Restaurant
• Waterfront

Mackinaw City Retail for Sale

Rusted Spoke Brewing Co. - Mackinaw City, Michigan A rare opportunity to acquire a well-established brewery and restaurant located in the heart of Mackinaw City, the gateway to Mackinac Island. Rusted Spoke Brewing Co. is a popular destination for locals and the millions of visitors who pass through each year on their way to one of Michigan's premier tourist attractions. Perfectly positioned just minutes from the ferries to Mackinac Island, this business benefits from unparalleled visibility, high-volume seasonal traffic, and a reputation for quality craft beer, great food, and a welcoming atmosphere. The property features a spacious taproom, full-service kitchen, indoor and outdoor dining, and a strong brand identity with significant growth potential. Included in the sale are valuable liquor licenses, offering tremendous flexibility and revenue opportunities: Retail - Off Premises (Specialty Designated Merchant) Retail - On Premises (Brew Pub) Retail - On Premises Class C (Resort) Adding to the opportunity is the untapped potential of 8 hotel rooms located on-site. With Mackinaw City serving as one of Northern Michigan's busiest lodging markets, the development or revitalization of these rooms could create a strong additional income stream and further enhance the property's draw as a complete hospitality destination. With Mackinac Island consistently ranked among the top travel destinations in the country, Rusted Spoke Brewing Co. enjoys a steady stream of customers looking to experience Northern Michigan hospitality before or after their island adventure. This is a turnkey investment opportunity to own a thriving business in one of the state's most desirable and iconic locations. Mackinac Island is highly ranked, recognized as the #1 Best Summer Travel Destination by USA Today's 10Best Readers' Choice Awards for three consecutive years (2023, 2024, and 2025). It also placed #3 Best Island in the Continental U.S

Contact:

Keller Williams

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-09-09

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Bay Inn Of Petoskey - 2445 Charlevoix Ave

Petoskey, MI 49770

• Motel
• Hospitality for Sale
• $3,965,663 CAD
• 6,036 SF

Petoskey Hospitality for Sale

Marcus & Millichap is proud to present the Bay Inn of Petoskey, a boutique hospitality asset located in Petoskey, Michigan. The Bay Inn is being offered at $2,900,000, representing an excellent investment opportunity. This two-story, exterior-corridor property is situated directly off U.S. Route 31, offering convenient access to a variety of regional demand drivers. The offering includes 15 exterior-corridor guest rooms in the main building, one standalone cabin, one studio unit, and a three-bedroom, two-bathroom house. Ideally positioned just minutes from both downtown Petoskey and Bay Harbor, the property benefits from strong year-round tourism fueled by Lake Michigan waterfront recreation, top-tier golf courses, nearby ski resorts, the Little Traverse Wheelway, and the Odawa Casino. Perched on an elevated, west-facing site, the Bay Inn offers sweeping sunset views over Little Traverse Bay—an irreplaceable amenity that sets this property apart as a truly unique asset within the Northern Michigan. Located minutes from downtown Petoskey and Bay Harbor, the inn benefits from strong regional tourism demand driven by year-round attractions including waterfront recreation, golf, ski resorts, the Little Traverse Wheelway, and the nearby Odawa Casino. The elevated, west-facing site provides unmatched sunset views—an amenity that distinguishes the Bay Inn as a truly unique asset in the local hospitality market.

Contact:

Marcus & Millichap

Property Subtype:

Hotel

Date on Market:

2025-08-13

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5692 N US Highway 31

Levering, MI 49755

• Motel
• Multifamily for Sale
• $676,898 CAD
• 4,760 SF

• Sprinkler System

Levering Multifamily for Sale

LOCATION NOT TO MISS~The Levering Motel features 13 total rentals, with 11 studio rooms, 1 larger corner unit, attached house/office unit, Paved open parking court, maintenance shed and on site coin-op laundry. 9.6% Cap Rate. Excellent rental history with high year round occupancy. Keep the building as individual rental units or convert back to motel for seasonal tourist income. B-2 zoning offers amazing potential opportunities for this 1 acre parcel. This high visibility location is just minutes to Pellston Airport, Mackinaw City, Casinos, Lakes and Parks. Step right in to this turnkey rental business and level up! Terms may be available.

Contact:

Coldwell Banker Schmidt Realtors

Property Subtype:

Apartment

Date on Market:

2022-06-03

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