204 Water St East Jordan, MI 49727

Property Details for 204 Water St

Property type

Commercial real estate

APN

053-991-002-00

APU

5399100200

Description

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.

Location Insight

City

East Jordan

County

Charlevoix

State

Michigan

Longitude

-85.1336

Latitude

45.154

Property Tax & Assessments