# 4987 Loeb Road, Charlevoix, MI 49720 > **TL;DR:** residential multi family, $1,495,000 ($237/sqft), 6,317 sqft. Est. $7,996/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,495,000 | | Price/sqft | $237 | | Square Feet | 6,317 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,560 | | Estimated Insurance | $436 | | **Total** | **$7,996** | ## Description ### Agent 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. ## Location - **Address:** 4987 Loeb Road, Charlevoix, MI 49720 - **County:** Charlevoix - **Coordinates:** 45.278692, -85.25104 - **Google Maps:** https://www.google.com/maps?q=45.278692,-85.25104 ## Listing Agent - **Name:** Matthew Murray - **Brokerage:** Berkshire Hathaway HomeServices Real Estate - **Broker Phone:** 2315479905 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/4987-Loeb-Rd_Charlevoix_MI_49720_M43111-62511?f=listhub&s=NMIMLS&m=480690&c=propsimple) ## Photos ![4987 Loeb Road - Photo 1](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f2774038470r.jpg) ![4987 Loeb Road - Photo 2](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f3543894092r.jpg) ![4987 Loeb Road - Photo 3](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f2150346145r.jpg) ![4987 Loeb Road - Photo 4](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f29114528r.jpg) ![4987 Loeb Road - Photo 5](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f3054843209r.jpg) ![4987 Loeb Road - Photo 6](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f3782541414r.jpg) ![4987 Loeb Road - Photo 7](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f1881864758r.jpg) ![4987 Loeb Road - Photo 8](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f3369885913r.jpg) ![4987 Loeb Road - Photo 9](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f2936463387r.jpg) ![4987 Loeb Road - Photo 10](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f1241398809r.jpg) ![4987 Loeb Road - Photo 11](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f4279801547r.jpg) ![4987 Loeb Road - Photo 12](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f1863801619r.jpg) ![4987 Loeb Road - Photo 13](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f766762456r.jpg) ![4987 Loeb Road - Photo 14](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f3493932887r.jpg) ![4987 Loeb Road - Photo 15](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f230120572r.jpg) ![4987 Loeb Road - Photo 16](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f3656164544r.jpg) ![4987 Loeb Road - Photo 17](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f1544312783r.jpg) ![4987 Loeb Road - Photo 18](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f3983351633r.jpg) ![4987 Loeb Road - Photo 19](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f1999510663r.jpg) ![4987 Loeb Road - Photo 20](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f2159179469r.jpg) ![4987 Loeb Road - Photo 21](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f4070123952r.jpg) ![4987 Loeb Road - Photo 22](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f4279146373r.jpg) ![4987 Loeb Road - Photo 23](http://lh.rdcpix.com/31ebc335553edae2c34387514ef1ae80l-f2883895111r.jpg) --- **MLS#:** 480690 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/4987-loeb-road-charlevoix-mi-49720-691e0f1bc062494f8800f5b05abd5b39) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4987-loeb-road-charlevoix-mi-49720-691e0f1bc062494f8800f5b05abd5b39#listing", "url": "https://www.propertysimple.ai/listing/4987-loeb-road-charlevoix-mi-49720-691e0f1bc062494f8800f5b05abd5b39", "name": "4987 Loeb Road, Charlevoix, MI 49720", "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. 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