About This Home

This 0-bedroom, 0-bathroom residential multi family at 4987 Loeb Road in Charlevoix, MI is listed for $1,495,000 ($237 per sqft). the home offers 6,317 sqft of living space on a N/A lot.

Listing Description

Step into a piece of Northern Michigan history with this extraordinary estate in Charlevoix. Spanning two acres, this unique property brings together three distinct buildings-the historic stone Loeb Schoolhouse, a carriage house, and a duplex-into one spectacular compound.

Lovingly renovated by an artistic craftsman, the estate currently features 7 rentable units, with the township allowing for a total of 8, offering a highly lucrative turnkey or value-add investment opportunity. The crown jewel of the estate is the historic 1917 old schoolhouse.

The main schoolhouse showcases exceptional cut stone craftsmanship and preserved historic character throughout. It currently features a stunning sunrise-view loft under construction, offering the perfect canvas to design a massive, luxurious owner's suite.

Below, an expansive lower level provides limitless potential for storage, a creative studio, workshop, or custom home gym. Whether you are looking for a high-yield investment or have the creative vision to develop a premier boutique compound, the sky is the limit on this property's potential.

Monthly Cost Estimate

$7,996/mo

20% down · 6.5% · 30 years

Principal$1,081
Interest$6,478
Insurance$436

Estimates only. Actual payments may vary.

Location

4987 Loeb Road

Charlevoix, MI 49720

Property Details

Construction

Wood Frame

Heating

Natural Gas

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 4987 Loeb Road is listed at $1,495,000 ($237/sqft). The estimated monthly payment is $7,996 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Matthew Murray.

MM

Matthew Murray

Agent at Berkshire Hathaway HomeServices Real Estate

Listed by Berkshire Hathaway HomeServices Real Estate · Broker phone: 2315479905 · View on Broker Site · Broker website

MLS# 480690· Source: Northern Michigan MLS· 5 days on PropertySimple

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.

4987 Loeb Road, Charlevoix, MI 49720

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