Mixed-Use Commercial Building with
201 State Street Charlevoix, MI 49720
201 State Street, Charlevoix, MI, 49720
$1,595,000
For Sale
$1,595,000
COMMERCIAL - Charlevoix, MI
Property Size14,937 SF
Price / SF$106.78
Days on Market16
Property Features for 201 State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commerical
- Standard status
- Active
- APN
- 052-250-001-10 and 003-00
- Size
- 14,937 SF
Taxes and HOA fees
- Tax Description
- DDA 1984 LOTS 1 & 2 OF BLK 10 OF THE ORIG PLAT OF VILL (NOW CITY) OF CX 92COMB 250-001-00/001-50 &
Utilities
- Heating system
- Forced Air, Natural Gas, Oil
Building Details
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing agency
Berkshire Hathaway HomeServices Real Estate
(231) 547-9905
Listed by
A. Mitts Lee
(231) 675-1977
Added: Jul 7 Updated: Jul 21 at 3:37PM Checked: Jul 22 at 9:06AM
MLS# 478289
Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased, mixed-use commercial building includes three established tenants in a single property totaling 14,937 square feet. The lineup consists of a long-standing law firm, a co-working space operated by the Charlevoix Chamber of Commerce (The Vault), and a high-visibility Huntington Bank branch.
Located at 201 State Street in Charlevoix, the property sits in the civic and commercial core. It is positioned one block from Bridge Street and the Downtown Marina, and two blocks from Lake Michigan Beach, supporting strong pedestrian access to local downtown destinations. The site is zoned commercial.
For buyers seeking a stabilized income-producing asset with multiple tenant types under one roof, this building presents a straightforward ownership structure with existing, operating tenants.
Located at 201 State Street in Charlevoix, the property sits in the civic and commercial core. It is positioned one block from Bridge Street and the Downtown Marina, and two blocks from Lake Michigan Beach, supporting strong pedestrian access to local downtown destinations. The site is zoned commercial.
For buyers seeking a stabilized income-producing asset with multiple tenant types under one roof, this building presents a straightforward ownership structure with existing, operating tenants.
Key Highlights
- Fully leased mixed‑use commercial building at 201 State Street with 3 established tenants
- 14,937 SF building includes a law firm tenant, The Vault co‑working space (Charlevoix Chamber of Commerce), and a Huntington Bank branch
- Huntington Bank branch provides high‑visibility commercial frontage in Charlevoix's civic and commercial core
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $250.9k | $16.80 |
| − Vacancy | −$55.2k | −$3.70 |
| EGI | $195.7k | $13.10 |
| − OpEx | −$48.9k | −$3.28 |
| NOI | $146.8k | $9.83 |
14,937 SF · lease $16.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$2.67M
$2.33M – $3.11M
NOI $186,701 @ 7.0% cap · market cap 11.71%
Second Best
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $179,059 @ 7.0% cap · market cap 11.23%
Theoretical Best
Office A
$3.02M
$2.65M – $3.53M
NOI $211,651 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cocoran Michael J
Law Firm
Round Lake Legal, ...
Law Firm
The Vault - Coworking Space
Coworking & Hybrid Office
Hospice of Michigan
Nursing Home
Sleep Recovery, Inc
Gym & Fitness Center
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FAQs
What type of property is this?
Coworking space - Fully leased mixed-use building featuring a Huntington Bank branch and two additional long-term tenants.
Where is this coworking space located?
The property is located at 201 State Street Charlevoix, MI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Fully leased mixed‑use commercial building at 201 State Street with 3 established tenants; 14,937 SF building includes a law firm tenant, The Vault co‑working space (Charlevoix Chamber of Commerce), and a Huntington Bank branch; Huntington Bank branch provides high‑visibility commercial frontage in Charlevoix's civic and commercial core
