109 & 111 Bridge, Charlevoix, MI 49720
sale
$1,700,000
|
Other
Courtesy Of Berkshire Hathaway HomeServices Real Estate
203 Bridge St., Charlevoix, MI 49720
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.
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Property Features
- Appliance: Refrigerator
- Appliance: Dryer
- Appliance: Range
- Architecture Style: Other
- Building Units: 3
- Floors: 2
- Heating System: Natural Gas
- MLSID: 477336
- Rooms: Basement
- Rooms: Bathroom 2
- Rooms: Bathroom 1
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- View Type: Water
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