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About This Home

This 2-bedroom, 2-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.

Agent 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.

Key Features

  • 2 stories

Property Details

2 stories
2 full

Amenities

ViewBasement

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

Features & Amenities

Interior Features

RefrigeratorWasherNatural GasOff-Street ParkingAir-ConditioningAmple ParkingLiquor LicenseHardwood FloorsDryerRangeExhaust FanRefrigerator FanPatio/DeckPaved Roads

Property Details

Views

Water

Heating

Natural Gas

Appliances

DryerRangeRefrigerator

Questions & Answers

This 2-bedroom, 2-bathroom commercial at 109 & 111 Bridge is listed at $1,450,000 ($256/sqft). The estimated monthly payment is $6,283 based on 20% down at 6.5% interest.

Key features include: 2 stories. Interior Features: Refrigerator, Washer, Natural Gas.

This property is listed by Austen Lobenherz and can be reached at 2316754474 or Austentherealtor@gmail.com.

AL

Austen Lobenherz

Agent at Berkshire Hathaway HomeServices Real Estate

(231) 675-4474

Listed by Berkshire Hathaway HomeServices Real Estate · View on Broker Site

MLS# 477336· Source: listhub· Updated today

Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

109 & 111 Bridge, Charlevoix, MI 49720

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