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    East Jordan, MI
    Wedding Venue

    East Jordan, MI Wedding Venues 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
    Waterfront Multi-Use Property Opportunity
    Updated: Oct 31, 2024
    Waterfront Multi-Use Property Opportunity

    204 Water St, East Jordan, MI 49727

    Contact for pricing
    3.40 AC lot
    360' of waterfront on Lake Charlevoix.
    Multi‑use property with established wedding/event venue (The Boathouse).
    Walking distance to Downtown East Jordan.
    Includes 8 unique parcels totaling 3.4 acres.
    Features three charming short‑term rentals.
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in East Jordan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Historic Victorian Hotel with Covered Porch
    Historic Victorian Hotel with Covered Porch

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    5,644 sqft 10.86 AC lot

    Includes 13 guest rooms and the Mission Bay Cafe, open to the public.

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    Victorian Hotel with Lake Michigan Views
    Victorian Hotel with Lake Michigan Views

    18599 Mission Road, Traverse City, MI 49686

    $4,260,000
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    Restaurant Property With Event Greenhouse
    Restaurant Property With Event Greenhouse

    916 S Mitchell Street, Cadillac, MI 49601

    $595,000
    6,850 sqft 2.25 AC lot

    Multi-building commercial site includes food-service improvements, storage, and two points of access.

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    Cadillac Commercial Property with Event Center
    Cadillac Commercial Property with Event Center

    916 S Mitchell St, Cadillac, MI 49601

    $595,000
    4,000 sqft 2.25 AC lot

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    View details

    East Jordan, MI Wedding Venues Market Trends and Statistics

    Explore 2 wedding venues for sale in East Jordan, MI on our real estate platform. These investment opportunities span a total of 19,845 square feet of properties for sale, with an estimated market value of $4,999,000.

    Sale prices for event centers in East Jordan, MI average $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

    Wedding venues 2

    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 $5M

    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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