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Jenn Smart

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6031 Michigan Hwy 68 , Indian River, MI 49749
$949,900
Est. Payment: $4,950.06/mo
0 Bed
0 Bath
3088 Sqft
Status: active | Days on site: 4
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Rare opportunity to own an income producing rental property with direct frontage on the beautiful Sturgeon River, located on the Golden Mile in Indian River. This investment property features three buildings on one parcel: one detached and two duplexes, providing five total rental units. An excellent opportunity for multiple income streams in one convenient location. Located right off I-75 this property offers access to the area's renowned Inland Waterway, including the Sturgeon River, Indian River, Burt Lake and Mullet Lake. Known for its small-town charm and year round recreation, Indian River offers boating, fishing, kayaking, snowmobiling, hiking and nearby state parks - all with convenient access to local shop and restaurants. This unique property has potential for long-term rentals, seasonal rentals, or a vacation rental strategy. Whether you're an experienced investor or searching for a distinctive waterfront property with income potential, this is an opportunity that doesn't come along often. Seller is motivated to sell!

Highlights

Listed by Kristin Wall , 989-415-3695 Berkshire Hathaway HomeServices, Bay City , 989-892-8888. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.43

Year Built

1980

County

Cheboygan

Area

Tuscarora Twp (16016)

Listing ID

50220093

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:3088
Water:Artesian Private Well

Exterior Features

Lot Dimensions:107X190
Zoning:Commercial
Sewer:Public Sanitary
Principal Interest
$4,950
Taxes
$604

Home Price

$949,900

Loan Details

30 yrs
6.792%

Down Payment

20%
$189,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,950.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,950.06 $603.73 $0.00 $5,553.80
Yearly $59,400.73 $7,244.81 $0.00 $66,645.54
Total $1,782,021.97 $217,344.30 $0.00 $1,999,366.27
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Indian River, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T04:57:55.100Z

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