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    East Jordan, MI
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    East Jordan, MI Multifamily Properties for Sale

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    Ellsworth, MI Boyne City, MI Charlevoix, MI Central Lake, MI Eastport, MI Boyne Falls, MI Bellaire, MI Petoskey, MI
    Wedding Venue with Waterfront Access
    Updated: Jul 23, 2024
    Wedding Venue with Waterfront Access

    204 Water Street, East Jordan, MI 49727

    $4,999,000
    19,845 sqft 3.40 AC lot
    Eight unique parcels totaling 3.4 acres
    360' of waterfront on Lake Charlevoix
    Includes The Boathouse wedding and special event venue
    Also includes a boat restoration warehouse
    Two short‑term rentals plus an office or retail building
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    This listing looks promising.

    Here's a quick look at some key insights for

    204 Water Street, East Jordan, MI 49727

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    • Est. Cap Rate

      3.3%
      NOI ÷ price

    • Est. NOI

      $163K
      Annual

    • Price @ 7% Cap

      $2.32M
      Suggested
    View Property Analytics
    Two-Unit Duplex Near Lake Access
    Updated: Jul 6
    Two-Unit Duplex Near Lake Access

    105 & 107 Bridge Street, East Jordan, MI 49727

    $231,900
    960 sqft
    Duplex offering 2 one‑bedroom units
    City utilities provided
    Location near the East Jordan City boat launch
    Close to East Jordan Tourist Park for access to Lake Charlevoix swimming
    Near Family Fare grocery store and other city conveniences
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in East Jordan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Renovated Lakefront Apartment Building
    Renovated Lakefront Apartment Building

    9661 Lake Street, Ellsworth, MI 49729

    $1,649,000
    4,736 sqft 53.00 AC lot

    Renovated multifamily estate with individual private units, nine bedrooms, 9.5 baths, and private lake frontage.

    View details
    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
    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
    Lakefront Short-Term Rental Property
    Lakefront Short-Term Rental Property

    9661 Lake Street, Ellsworth, MI 49729

    $1,649,000

    Renovated private-unit lodging property with commercial-improved zoning, a dock, and direct Saint Clair Lake frontage.

    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
    Log Lodge Resort With Guest Homes
    Log Lodge Resort With Guest Homes

    1306 N Tippy Dam Road, Wellston, MI 49689

    $900,000
    22.24 AC lot

    Three log structures, commercial kitchen equipment, and two additional homes support group stays and onsite lodging.

    View details
    Private Camping Lot with Electrical Hookups
    Private Camping Lot with Electrical Hookups

    4537 Pine Run Road, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Recreation lot in a private gated association with multiple 30 AMP electrical and septic hookups for camper-ready use.

    View details
    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

    View details

    East Jordan, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in East Jordan, MI on our real estate platform. These investment opportunities span a total of 20,805 square feet of properties for sale, with an estimated market value of $5,230,900.

    Sale prices for multifamily properties in East Jordan, MI start at $231,900, averaging $2,615,450, and reaching up to $4,999,000 — 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

    Duplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 6,595
    Population Growth (5Y) -12.8%
    Median Household Income $70,288
    College Educated 32.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49727 $3.4M

    Taxes & Financing

    Tax Rate (average for all types) 3.93%
    Property Tax per SF $3.90 per SF
    Tax Rate vs County Average 0.60 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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