About This Home

This 0-bedroom, 0-bathroom commercial at 109 & 111 Bridge in Charlevoix, MI is listed for $1,450,000 ($256 per sqft). the home offers 5,656 sqft of living space on a N/A lot.

Listing Description

Located at 107 & 111 Bridge Street in Downtown Charlevoix, Michigan, this 5,656-square-foot mixed-use building presents a rare and compelling investment opportunity. Positioned directly on US-31 with over 15,000 vehicles passing daily during peak summer months, the property offers exceptional visibility and foot traffic in one of Northern Michigan's most vibrant downtown districts.

The ground level is fully occupied by The Happy Troll Restaurant, a well-established tenant operating under a solid five-year lease, providing stable commercial income. Above the restaurant are two one-bedroom residential condos, each with private balconies and stunning views of Round Lake Harbor-ideal for short-term rentals, long-term tenants, or owner use.

Additional features include rear alley parking, making a possibility of expansion of residential units more viable, prominent Bridge Street frontage, and a valuable Class C liquor license, which adds operational flexibility and market appeal. Charlevoix enjoys strong year-round tourism with a particular surge in the summer and fall seasons, making this property especially attractive to both local and institutional investors.

With diversified income streams, a prime location, and built-in traffic, this asset is well-suited for a range of buyers-from REITs and 1031 exchange investors to owner-occupants seeking a downtown residence with income-producing potential below. This is a turnkey opportunity to acquire a high-demand property in a growing market with appreciation potential and long-term upside.

Monthly Cost Estimate

$7,755/mo

20% down · 6.5% · 30 years

Principal$1,049
Interest$6,283
Insurance$423

Estimates only. Actual payments may vary.

Location

109 & 111 Bridge

Charlevoix, MI 49720

Property Details

Construction

Concrete

Heating

Natural Gas

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 109 & 111 Bridge is listed at $1,450,000 ($256/sqft). The estimated monthly payment is $7,755 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Austen Lobenherz and can be reached at 2316754474.

AL

Austen Lobenherz

Agent at Berkshire Hathaway HomeServices Real Estate

(231) 675-4474

Listed by Berkshire Hathaway HomeServices Real Estate

MLS# 477336· Source: listhub· Listed today

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109 & 111 Bridge, Charlevoix, MI 49720

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