Mixed-Use Office and
For Sale
$349,000
1301 Bridge Street, Charlevoix, MI 49720
Commercial/Industrial, Charlevoix, MI
Property Size1,989 SF
Price / SF$175.47
Days on Market97
Property Features for 1301 Bridge Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Elementary school district
Charlevoix
Middle school district
Charlevoix
High school district
Charlevoix
Directions
Headed south through Charlevoix, the building is on your right on the corner of Green and Bridge Street
Subdivision
Charlevoix City
Standard status
Active
APN
052-369-045-00
Size
1,989 SF
Taxes and HOA fees
Tax Description
1301 BRIDGE ST R2 LOT 45 OF MASONS SECOND ADDITION.
Legal Description
1301 BRIDGE ST R2 LOT 45 OF MASONS SECOND ADDITION.
Utilities
Heating system
Natural Gas
Building Details
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Berkshire Hathaway HomeServices Real Estate
(231) 547-9905
Listed By:
Matthew Murray · License #6501441581
(231) 675-3730
Added: Jul 2
Changed: Aug 19
Last Checked: Oct 6 at 1:06AM
MLS# 478958
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 1,989-square-foot mixed-use property pairs a commercial office area on the main level with a two-bedroom apartment above. The layout supports separate business and residential functions within one wood-frame building, with the apartment positioned for rental use or owner occupancy. Natural gas heating and a shingle roof are among the property’s existing physical features.
Located at 1301 Bridge Street in Charlevoix, Michigan, the property offers a combination of commercial and residential space in a single building. Commercial zoning supports its mixed-use configuration, while the office component provides a dedicated setting for business operations.
Located at 1301 Bridge Street in Charlevoix, Michigan, the property offers a combination of commercial and residential space in a single building. Commercial zoning supports its mixed-use configuration, while the office component provides a dedicated setting for business operations.
Key Highlights
- 1,989‑square‑foot mixed‑use building
- Main‑level commercial office space
- Two‑bedroom apartment on the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,548
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,960
$391.0K
Cap Rate 7%
$279,257
$279.3K
Cap Rate 9%
$217,200
$217.2K
Market Conditions
NOI Build-Up for 1,989 SF
Gross rent
$33.4K $16.80/SF
− Vacancy
−$7.4K −$3.70/SF
EGI
$26.1K $13.10/SF
− OpEx
−$6.5K −$3.28/SF
NOI
$19.5K $9.83/SF
Area
Charlevoix County, MI
Vacancy
22.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,960
Cap Rate 7%
$279,257
Cap Rate 9%
$217,200
Alternative Uses
Best Use
Office B
$279.3K
$244.4K – $325.8K
NOI $19,548 @ 7.0% cap · market cap 5.60%
Second Best
Mixed Use
$271.7K
$237.8K – $317.0K
NOI $19,020 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$402.6K
$352.3K – $469.7K
NOI $28,183 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 49720, MI
9,127
Population
6,236
Households
1.5
Avg Household Size
52
Median Age
38%
College-Educated
97%
High-School Grad
95.5 sq mi
ZIP Area
96
Density / Sq Mi
$76,127
Median Household Income
$41,563
Median Earnings
$985
Median Rent
$265,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines a dedicated office with an upstairs two-bedroom apartment.
Where is this mixed-use property located?
The property is located at 1301 Bridge Street Charlevoix, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,989‑square‑foot mixed‑use building; Main‑level commercial office space; Two‑bedroom apartment on the upper level
