Multi-Tenant Office
For Sale
$489,000
802 Bridge Street, Charlevoix, MI 49720
Commercial/Industrial, Charlevoix, MI
Property Size4,140 SF
Price / SF$118.12
Days on Market97
Property Features for 802 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
Heading south from downtown Charlevoix on Bridge Street the building is at the top of the hill on the Corner of East Upright and Bridge Street
Subdivision
Charlevoix City
Standard status
Active
APN
052-367-001-00
Size
4,140 SF
Taxes and HOA fees
Tax Description
800 & 802 BRIDGE C1 LOTS 1 & 2 OF BLOCK 7 OF MASONS ADDITION
Legal Description
800 & 802 BRIDGE C1 LOTS 1 & 2 OF BLOCK 7 OF MASONS ADDITION
Utilities
Heating system
Natural Gas, Forced Air
Amenities
conference room
Building Details
Building materials
Wood Frame
Listing Agency:
Berkshire Hathaway HomeServices Real Estate
(231) 547-9905
Listed By:
Matthew Murray · License #6501441581
(231) 675-3730
Added: Jul 2
Changed: Sep 12
Last Checked: Oct 6 at 1:06AM
MLS# 478662
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 4,140-square-foot office building is configured for multiple occupants and currently has two tenants in place. Each tenant has a separate entrance, while a shared conference room provides an additional common-area feature. Space for a potential third tenant is also available within the building.
Located near downtown Charlevoix at 802 Bridge Street, the property is constructed with a wood-frame structure. Building systems include natural gas heating and forced-air delivery, providing established features for office occupancy.
Located near downtown Charlevoix at 802 Bridge Street, the property is constructed with a wood-frame structure. Building systems include natural gas heating and forced-air delivery, providing established features for office occupancy.
Key Highlights
- 4,140‑square‑foot office building near downtown Charlevoix
- Two current tenants with separate entrances
- Space for a potential third tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,688
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,760
$813.8K
Cap Rate 7%
$581,257
$581.3K
Cap Rate 9%
$452,089
$452.1K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$69.6K $16.80/SF
− Vacancy
−$15.3K −$3.70/SF
EGI
$54.3K $13.10/SF
− OpEx
−$13.6K −$3.28/SF
NOI
$40.7K $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%
$813,760
Cap Rate 7%
$581,257
Cap Rate 9%
$452,089
Alternative Uses
Best Use
Office B
$581.3K
$508.6K – $678.1K
NOI $40,688 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.0K
$733.3K – $977.7K
NOI $58,662 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
568
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Wood-frame office property with separate entrances and a shared conference room.
Where is this office building located?
The property is located at 802 Bridge Street Charlevoix, MI.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 4,140‑square‑foot office building near downtown Charlevoix; Two current tenants with separate entrances; Space for a potential third tenant
