This home's estimate is 27.5% lower than the average sale price ($318K) of 6 comparable homes.
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5503 Schultz Dr, Indian River, MI 49749
About this home
Quiet and Tranquil setting. Over 7 acres on the Sturgeon River with 490' of frontage. Excellent Location. Well and septic installed and electric on site. This beautiful parcel is nested in the Sturgeon River Valley offering the perfect setting. Wildlife surrounds and the gentle sounds of the river soothe. Close to groomed snowmobile trails, shopping, dining, Burt Lake, walking/biking trails and much more. An additional 8 acres is available for the entire parcel at $115,000

Redfin Estimate
Market trends in 49749, MI
Last updated July 2026
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Sale history for 5503 Schultz Dr
Tax history for 5503 Schultz Dr
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking/Garage Information
- Parking Features: Driveway
Exterior
- Property Features
- On Waterfront
- Property Information
- Property Type: Land
- Raw Mls Property Sub Type: Vacant Waterfront
- Lot Information
- Frontage Type: River
- Water Body Name: Sturgeon River
- Road Surface Type: Gravel
- Lot Size Dimensions: 7.3 acres
- Lot Size Units: Acres
- Lot Size Acres: 7.3
Utilities
- Utility Information
- Water Source: Well
- Electric on Property
Location
- Location Information
- Directions: US 27 South of Indian River to Fisherwoods (east) turn right on Wilson Rd to Schultz Dr, property at the end of the rd
- Subdivision Name: T35N,R3W
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 20.15 acres
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Cheboygan County
- APN: 161-036-400-001-04
Other
- Listing Information
- AttributionContact: 231.238.7400
Around this home
Schools
Public K-5 • Assigned • 1.3mi
Public 6-12 • Assigned • 1.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Estimated 80%+ chance of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 94° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 9.2 hours in June and 2.2 hours in December, placing it below the U.S. average for solar exposure.
Sell confidently with a local market expert in Indian River. 3 minutes to get started.
Nearby similar homes
New listings for sale in 49749
Home values near 5503 Schultz Dr
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 760 Sq. Ft. | $253,015 |
3 Beds | 2 Baths | 1792 Sq. Ft. | $395,554 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1528 Sq. Ft. | $580,934 |
2 Beds | 2 Baths | 1975 Sq. Ft. | $436,010 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1200 Sq. Ft. | $284,954 |
4 Beds | 3 Baths | 2810 Sq. Ft. | $690,139 |
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