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204 Water St East Jordan, MI 49727

Sponsored
For Sale
$4,999,000

Prime Waterfront Investment Opportunity

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional East Jordan, Michigan commercial property offers a unique investment opportunity encompassing eight distinct parcels totaling 3.4 acres. Boasting 360 degrees of stunning Lake Charlevoix waterfront, this portfolio is ideally situated within walking distance of downtown. The package includes a highly desirable wedding and event venue, "The Boathouse," renowned for its breathtaking lake views and upscale ambiance. Also included is a substantial boat restoration warehouse, providing ample space for various commercial uses. Three charming short-term rental properties add immediate income potential, while a versatile building currently configured as a mix of office, short-term rental, and retail space offers further flexibility. All structures have undergone tasteful renovations, showcasing a modern aesthetic. Detailed parcel information is available upon request. This multi-use property presents a rare chance to acquire a significant commercial holding in a highly sought-after Northern Michigan location. The combined properties offer a diverse revenue stream and significant upside potential. The asking price for this exceptional portfolio is $4,999,000. This is a turnkey operation with established businesses and immediate income generation. The property's prime location and diverse offerings make it an attractive investment for both seasoned and emerging commercial real estate investors. Don't miss this opportunity to own a piece of Lake Charlevoix's vibrant commercial landscape. The property is located at 204 Water St, East Jordan, MI 49727.

Property Features for 204 Water St

General Information

Property type
Individual retail properties

HighLights

  • Eight parcels totaling 3.4 acres of Lake Charlevoix waterfront in East Jordan, MI.
  • Includes a successful wedding and event venue ("The Boathouse").
  • Features a large boat restoration warehouse.
  • Three short‑term rental properties provide immediate income.
  • A multi‑use building offers office, short‑term rental, and retail space.
  • All structures are tastefully renovated.
Property Profile Location Intelligence

Current Use by Public Records

The Boathouse on Lake Charlevoix Wedding Venue

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
East Jordan
County
Charlevoix
State
Michigan
Longitude
-85.133599
Latitude
45.154012

FAQs

What type of property is this?
Individual retail property - Prime Waterfront Investment Opportunity
Where is this individual retail property located?
The property is located at 204 Water St East Jordan, MI.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: Eight parcels totaling 3.4 acres of Lake Charlevoix waterfront in East Jordan, MI.; Includes a successful wedding and event venue ("The Boathouse").; Features a large boat restoration warehouse.
More about this property
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