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    Charlevoix, MI
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    Charlevoix, MI Multifamily Properties for Sale

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    Ellsworth, MI East Jordan, MI Petoskey, MI Boyne City, MI Central Lake, MI Eastport, MI Kewadin, MI Northport, MI
    Three-Building Apartment Property
    Updated: Aug 14
    Three-Building Apartment Property

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft 2.00 AC lot
    Three‑building apartment property on 2 acres
    6,317 square feet across the property
    7 finished, leased units
    Approved for up to 8 total units
    Commercial zoning
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    4987 Loeb Road, Charlevoix, MI 49720

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $52K
      Annual

    • Price @ 7% Cap

      $739K
      Suggested
    View Property Analytics
    Historic Short-Term Rental Building with Plunge Pool
    Updated: Jun 26
    Historic Short-Term Rental Building with Plunge Pool

    211 Bridge, Charlevoix, MI 49720

    $3,995,000
    10,500 sqft
    Rooftop gathering area with loungers and a plunge pool
    Restored 1915 building with original brick facade and preserved finishes
    Two retail spaces on the Bridge street level
    Three renovated short term rental apartments on level two
    Two garden level apartments currently undergoing renovations
    View details
    Three-Building Apartment Compound
    Three-Building Apartment Compound

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft 2.00 AC lot

    Leased residential units occupy a flexible multifamily layout with approved capacity for additional occupancy.

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    Historic Mixed-Use Building with Retail
    Historic Mixed-Use Building with Retail

    211 Bridge Street, Charlevoix, MI 49720

    Contact for pricing
    10,500 sqft

    Restored 1915 building offering street-level retail and multiple renovated apartment units, including short-term rentals and rooftop amenities.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    6-Unit Motel with House
    6-Unit Motel with House

    6822 US-31 S, Charlevoix, MI 49720

    Contact for pricing

    Hospitality property with a separate one-bedroom house and hookups for seasonal trailers.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 5 Active listings in Charlevoix, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Development Land with Road Frontage
    Commercial Development Land with Road Frontage

    1314/1316 Boyne Avenue, Boyne City, MI 49712

    $995,000
    2,005 sqft 1.89 AC lot

    High-visibility industrial-comm parcel with extensive frontage, city sewer access, and existing rental residences.

    View details
    Two-Unit Duplex with City Utilities
    Two-Unit Duplex with City Utilities

    825 & 827 Vance Street, East Jordan, MI 49727

    $249,900
    1,344 sqft

    R1-zoned property containing two residences, each configured with two bedrooms and supported by municipal utilities.

    View details
    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    1314/1316 M-75, Boyne City, MI 49712

    $995,000
    2,500 sqft 1.89 AC lot

    Nearly 2 acres with 270 feet of high-visibility frontage, city sewer access, and two rental homes plus an accessory pole barn.

    View details
    Wedding Venue with Waterfront Access
    Wedding Venue with Waterfront Access

    204 Water Street, East Jordan, MI 49727

    $4,999,000
    19,845 sqft 3.40 AC lot

    Multi-parcel waterfront property with a wedding and special event venue, plus additional commercial and short-term rental uses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

    View details

    Off-Market Properties in Charlevoix, MI

    Consider similar Off-Market properties in Charlevoix, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6822 Us-31
    Multifamily properties

    6822 Us-31, Charlevoix, MI 49720

    Value Estimation by Request
    2,490 sqft 1.33 AC lot
    View details

    Charlevoix, MI Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Charlevoix, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 33,634 square feet of properties for sale, with an estimated market value of $6,985,000.

    Sale prices for multifamily properties in Charlevoix, MI start at $1,495,000, averaging $2,328,333, and reaching up to $3,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 3
    Apartment buildings 2

    Demographics Overview

    Population 9,113
    Population Growth (5Y) +4.2%
    Median Household Income $76,127
    College Educated 26.3%

    High-Yield Neighborhoods for Investment

    Identify Charlevoix submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49720 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 3.34%
    Property Tax per SF $1.89 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Charlevoix County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Charlevoix County

    Residential Income

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    • 49720

    Featured Charlevoix Real Estate Agencies

    Realmo connects you with licensed Charlevoix CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Berkshire Hathaway HomeServices Real Estate
    203 Bridge St. Charlevoix, MI 49720
    Phone: 12315479905
    www.BHHSMichiganRealEstate.com

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