MI > Cheboygan > Indian River > 5115 S Straits Highway

Sold

5115 S Straits Highway Map / directions

Indian River, MI

49749 Market info

  • MLS# 201823371
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Real Estate One of Alpena, Houghton, and Higgins Lake

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
Income-generating oasis in Indian River! Nestled in the heart of serene surroundings, this property boasts 18 charming cabins and a spacious 3 bed, 2 bath chalet house. Cabins recently renovated with upgrades to siding, heating, septic system and windows - maintenance-free. The rental history speaks volumes about its potential as an investment opportunity with most units renting for $700 to $900/month. Financials available upon request! With such great returns on offer, it's no wonder that this gem may make a good condo conversion project. Don't miss out on your chance to own this lucrative slice of paradise!

Property Information

Status
Sold 
Address
5115 S Straits Highway 
City
Indian River 
Zip
49749 
Year Built
Subdivision
T35N,R3W 
County
Cheboygan 
Parking
Assigned,Common,Parking Lot 

School Information

School District
Inland Lakes 

Features

Total No. of Units
18 
Zoning
Commercial 
Water
Master, Well 
Sub Property Type
Business Op 
Cooling
Baseboard, Electric, Hot Water 
Heating
Baseboard, Electric, Hot Water 

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years
annual
annual
  • Property History
  • Schools Information
  • Local Business
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
201823371 Sold Contingency Jun 2 2023 4:03PM $1,250,000 52
201823371 Contingency Active May 2 2023 10:20AM 52
201823371 Active Apr 14 2023 1:20PM $1,400,000 52
326538 Sold Active Sep 22 2021 11:20AM $575,000 334
326538 Aug 2 2021 5:20PM $675,000 $699,000 334
326538 Mar 24 2021 12:20PM $699,000 $750,000 334
326538 Active Oct 26 2020 4:20PM $750,000 334
School Information
Local Business

Learn More About This Listing

Real Estate One of Alpena, Houghton, and Higgins Lake

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIWWLX Logo

Listing Courtesy of Key Realty Gaylord
Office Address 310 W Front Street Suite 310f

5115 S Straits Highway Indian River
Contact us
$1,400,000
Sold • Acres: 0.0 • Zoning: Commercial