Historic Mixed-Use Building with
For Sale
$3,995,000
211 Bridge, Charlevoix, MI 49720
COMMERCIAL - Charlevoix, MI
Property Size10,500 SF
Price / SF$380.48
Days on Market36
Property Features for 211 Bridge
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school district
Charlevoix
Middle school district
Charlevoix
High school district
Charlevoix
Directions
Downtown Charlevoix, 2nd block, West side of Bridge Street.
Subdivision
Charlevoix City
Standard status
Active
APN
052-246-001-20
Size
10,500 SF
Taxes and HOA fees
Tax Description
BEG 24 FT N OF SE COR OF LOT 1 BLK 6 TH N 46FT TH W 82 FT TH S 46FT TH E TO POB BEING PT OF LOTS 1&2
Legal Description
BEG 24 FT N OF SE COR OF LOT 1 BLK 6 TH N 46FT TH W 82 FT TH S 46FT TH E TO POB BEING PT OF LOTS 1&2
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Building Details
Building materials
Steel Frame, Wood Frame, Block
Listing Agency:
Pat O'Brien & Associates - Charlevoix
(231) 547-7701
Listed By:
Mark Snyder · License #10401234418
(231) 675-7711
Added: Jun 26
Changed: Jul 30
Last Checked: Jul 31 at 9:06PM
MLS# 479769
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.
Recently restored and maintained at an impeccable level, this historic building dates to 1915 and was originally built as the Blanchard Hardware Company. The property has been brought back with its original brick facade and many of its original finishes and design elements intact.
The building offers two retail spaces on the Bridge street level, three renovated short-term rental apartments on level two, and two garden level apartments that are currently undergoing renovations. An additional rooftop gathering area features loungers and a plunge pool with birds-eye views of Downtown Charlevoix and Round Lake.
Overall, the configuration supports a true mixed-use setup, combining street-level retail with multiple apartment units across the upper and garden levels, along with an outdoor rooftop amenity.
The building offers two retail spaces on the Bridge street level, three renovated short-term rental apartments on level two, and two garden level apartments that are currently undergoing renovations. An additional rooftop gathering area features loungers and a plunge pool with birds-eye views of Downtown Charlevoix and Round Lake.
Overall, the configuration supports a true mixed-use setup, combining street-level retail with multiple apartment units across the upper and garden levels, along with an outdoor rooftop amenity.
Key Highlights
- Iconic building originally built in 1915; restored to its original brick facade with many original finishes and design elements intact
- Building includes two retail spaces on Bridge street level
- Level two features three renovated short‑term rental apartments
Financial Insights For Retail
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 | $201.6k | $19.20 |
| − Vacancy | −$14.1k | −$1.34 |
| EGI | $187.5k | $17.86 |
| − OpEx | −$56.2k | −$5.36 |
| NOI | $131.2k | $12.50 |
10,500 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.19M
NOI $131,242 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,036 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,781 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
505
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Restored brick mixed-use property with retail space, multiple apartments, and a rooftop gathering area with plunge pool.
Where is this short term rental property located?
The property is located at 211 Bridge Charlevoix, MI.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Iconic building originally built in 1915; restored to its original brick facade with many original finishes and design elements intact; Building includes two retail spaces on Bridge street level; Level two features three renovated short‑term rental apartments
