Real estate developers and savvy long-term investors won't want to miss out on this unique opportunity inside Cheboygan city limits! This property includes 40+ acres of prime real estate located directly adjacent to Cheboygan High School. The majority of the acreage offered is zoned Multi-Family Residential, meaning creative minds can flourish in reimagining this high potential space. A portion of the acreage has also been established as Cheboygan Estates, a site plan condominium. Continue on with the original vision on one portion while meeting an entirely different demand on another. The property also plays host to a portion of the North Central State Trail - a 75 minute pedestrian and non-motorized trail stretching all the way from Gaylord to Mackinaw City! No matter if you're a buy-and-hold inventor recognizing the long term potential for development, or a builder seeking low cost entry to an emerging market, this property truly offers something for all.