Map of Property

Cheboygan, MI Walgreens

For Sale

991 S Main St, Cheboygan, MI 49721

This Cheboygan property for sale is located at 991 S Main St. The current listed sale price for Cheboygan, MI Walgreens is $4,070,000. Cheboygan, MI Walgreens is situated on a lot that is 1.84 acre in size.

Contacts

broker
David De Maagd, CPA, MBA

SVN | Investment Property Advisors

Property Details

  • Property Type Retail - Street Retail
  • Property Size 14,550 SF
  • Units 1
  • Lot Size 1.84 Acre
  • Property Tenancy Single Tenant
  • Year Built 2007
  • Date Updated May 13, 2025
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.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.
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Highlights

  • Absolute Net Lease to February, 2032
  • Zero Landlord Responsibilities
  • High Visibility Signalized Location on Main Street (M-27)
  • Next to McLaren Medical Center
  • Freestanding building with Drive-Through
  • Walgreens corporate guaranty
  • Potentially Assumable Loan

Getting around

  • 50/100

    Walk Score ®

  • 44/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cheboygan, MI
  • Neighborhood Cheboygan
  • Zip Code 49721

Points of Interest

  • Mobil

    0.04 miles

  • Holiday

    0.11 miles

  • Marathon

    1.16 miles

  • Speedway

    1.27 miles

  • Public Parking

    1.21 miles

  • Police Parking Only

    1.23 miles

  • Trailhead Parking

    4.28 miles

  • Big Boy

    0.05 miles

  • Arby's

    0.12 miles

  • McDonald's

    0.12 miles

  • Pizza Hut

    0.15 miles

  • Pizza Hut Delivery

    0.15 miles

  • Little Caesars

    0.36 miles

  • Burger King

    0.39 miles

  • Duncan City Pizza

    0.41 miles

  • Alice's Restaurant

    0.91 miles

  • DQ Grill & Chill

    0.98 miles

  • Family Fare

    0.17 miles

  • Walmart Supercenter

    0.26 miles

  • Save-A-Lot

    1.54 miles

  • Hilltop Grocery

    7.22 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
David De Maagd, CPA, MBA

SVN | Investment Property Advisors

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