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    115 N Michigan Ave Beulah, MI 49617

    For Sale
    $1,295,000

    Condominium, 2 Story - Beulah, MI

    Type:Condominium
    Property size:
    9,000 SF
    Lot size:
    0.31 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 115 N Michigan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Condominium
    Standard status
    Active
    Zoning
    Residential,Multi-Family,Commercial,Deed Restrictions,Rental History
    Rooms
    Basement
    Parking
    1
    Parking features
    None
    Interior features
    Other
    Basement Y/N
    1
    Appliances
    Dryer, Range, Refrigerator
    Size
    9,000 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Floors in Building
    2
    Number of units
    18
    Roof type
    Asphalt
    Architectural style
    Other

    Keller Williams Northern Michigan (231) 947-8200 [email protected]

    Listing agent Joseph Van Antwerp (231) 947-8200

    Listing date Sep 29, 2025

    MLS# 1930777 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Beulah Mixed-Use Redevelopment Opportunity

    Located in Beulah, Michigan, Eden Brook Place presents an income opportunity with redevelopment potential. The property features 18 individual units on the upper level, currently leased long-term but convertible to short-term rentals. The lower level offers 9,000 square feet of gutted space, suitable for additional condos, office space, retail, a banquet facility, or corporate meeting events. Architectural plans for additional rental units are included in the sale. The property is zoned for residential, multi-family, and commercial use, with deed restrictions and a rental history. Situated on a 0.31-acre lot, the property is located steps away from Crystal Lake and close to hiking, parks, boating, golfing, and skiing. The property is suitable for condominium, retail, and office use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Eden Brook Place Apartment Complex

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beulah
    County
    Benzie
    State
    Michigan
    Longitude
    -86.089606
    Latitude
    44.633419

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    FAQs

    What type of property is this?
    Apartment building - Mixed-use property in Beulah with redevelopment potential and positive cashflow.
    Where is this apartment building located?
    The property is located at 115 N Michigan Ave Beulah, MI.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Immediate, positive cash flow from 18 existing rental units; - Redevelopment potential to increase revenue; - 9,000 sq ft lower level ready for development (condos, office, retail, etc.)
    (231) 947-8200
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 N Michigan Ave Beulah, MI 49617
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