About This Home

This 0-bedroom, 0-bathroom commercial 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 2.00 acres lot.

Key Features

  • 2.00 acre lot
Listing Description

Seize this opportunity to own a 3-building residential compound situated on 2 acres. Currently configured as 7 finished, leased units, the property is approved for up to 8 total units, offering an immediate value-add opportunity for the astute investor. Whether managed as a dedicated income property or utilized for a blend of owner-occupancy and rentals, this flexible layout caters to a variety of strategies. Ample land, established buildings, and a clear path to maximum density make this a standout acquisition.

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 Block

Heating

Natural Gas

Questions & Answers

This 0-bedroom, 0-bathroom commercial 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.

Key features include: 2.00 acre lot.

This property is listed by Matthew Murray and can be reached at 2316753730.

MM

Matthew Murray

Agent at Berkshire Hathaway HomeServices Real Estate

(231) 675-3730

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

MLS# 480480· Source: Northern Michigan MLS· 38 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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