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710 Water Street, East Jordan
$1,100,000
480728 MLS
Positioned in East Jordan, this turn-key 4-unit townhouse complex (built in 2023) offers a high-yield investment with strong in-place cash flow, verified operating history, and long-term development upside. Generates $8,800/month ($105,600/year) in gross scheduled rent across four fully leased units. Offered at $1,100,000, the property delivers an attractive 10.4x Gross Rent Multiplier and a 6.11% in-place Cap Rate ($67,161 actual leased NOI before vacancy). Even with a conservative 5% vacancy/credit loss reserve, the property yields a stabilized $61,881 NOI (5.63% Cap Rate) based on verified annual property taxes of $15,193.70. Owner-paid expenses are minimized as Units 1, 3, and 4 are tenant-responsible for primary utilities (owner covers trash & internet only). Each unit features high-end finishes, natural gas forced-air heat, central air conditioning, dedicated carports, private rear decks, full 2023 appliance packages, and independent utility metering. Layouts include three 3-bedroom/2.5-bath townhomes with private ensuite bedrooms, and one 2-bedroom/2.5-bath dual-ensuite unit. Proven Stability & Inclusions: Units 3 and 4 feature reliable long-term tenants of three years. Turn-key inventory inclusion: Units 1 and 4 convey fully furnished. Development Upside: Engineered with a 2-hour fire-rated separation wall between units to facilitate future condo conversion, offering a clear exit strategy to sell off individual townhomes for maximum capital realization. Site plan available upon request. Low-maintenance exterior connected to municipal water and sewer. Seller is a licensed Realtor in the State of Michigan.

710 Water Street, East Jordan
230 Ferry, Charlevoix
$1,450,000
10 Beds ⋅ 10 Baths ⋅ 480358 MLS
Welcome to 230 Ferry Avenue, home to the renowned Back Lot Charlevoix, one of Northern Michigan’s most beloved gathering destinations. Perfectly positioned in the heart of downtown and just moments from the waterfront, this exceptional mixed-use property offers a rare opportunity to own a thriving hospitality and entertainment venue with multiple income streams. The vibrant Back Lot has become a local favorite, featuring an inviting collection of food trucks that create a lively, open-air dining experience enjoyed by residents and visitors alike throughout the season. Above and beyond its celebrated atmosphere, the property includes 10 hotel suites, each with short-term rental potential, providing outstanding vacation rental income opportunities. Adding to its appeal is an exclusive private event space boasting stunning water views, creating the perfect backdrop for weddings, rehearsal dinners, corporate gatherings, celebrations, and unforgettable special occasions. Whether guests are enjoying the energy of the courtyard, relaxing in boutique accommodations, or taking in the breathtaking waterfront scenery, every experience reflects the charm and character that make Charlevoix a premier Northern Michigan destination. With its exceptional location, established reputation, diverse revenue opportunities, and unmatched lifestyle appeal, 230 Ferry Avenue represents a truly one-of-a-kind investment in one of Michigan’s most sought-after resort communities.

230 Ferry, Charlevoix
6789 Ferry, East Jordan
$1,499,000
479681 MLS
Exceptional Lake Charlevoix waterfront lot offering a rare turnkey opportunity to begin enjoying Northern Michigan's premier all-sports lake immediately. This outstanding property comes fully equipped with a 30' x 25' two-car garage featuring electrical service and a spacious work area—perfect for storing all your lake toys, tools, and gear. Included in the sale is a tritoon pontoon boat, a newer Ryco dock lift with canopy, and a complete docking system consisting of twenty-four 10-foot dock sections, a corner platform, and an 8-step aluminum swim ladder. Everything is in place for effortless access to the crystal-clear waters of Lake Charlevoix. Whether you're planning your dream waterfront home or seeking a ready-to-enjoy lakefront getaway, this property offers exceptional value, convenience, and endless opportunities for boating, fishing, swimming, and making lasting memories on one of Michigan's most desirable lakes. Opportunities like this on Lake Charlevoix are increasingly hard to find.

6789 Ferry, East Jordan
300 Water Street, East Jordan
$1,290,000
479112 MLS
Available now for summer and ready for your vision, this exceptional Lake Charlevoix building site presents a rare opportunity to create something truly special. Set along an impressive 227 feet of pristine waterfront in the welcoming community of East Jordan, this property invites you to design and develop your ideal retreat or investment. Take in breathtaking sunset views, enjoy a beautiful sandy beach perfect for relaxing or family fun, and gather around the cozy firepit for memorable evenings by the water. With dedicated boat slips accommodating vessels from 25' to 50' at the permanent docking system, lake access is effortless and ready whenever you are. From peaceful days on the water to boating trips to Mackinac Island or dining and shopping in nearby Boyne City, this location puts the very best of northern Michigan within easy reach. Located in a short-term rental-friendly area, the development potential is exceptional—whether you envision a private getaway, a luxury rental, or a combination of both. An added bonus: this parcel can also be divided, offering even more flexibility and opportunity. Call today for more details or to explore the possibilities!

300 Water Street, East Jordan
5 W Main Street, Boyne City
$1,499,000
475354 MLS
Looking for a building with a lot of growth potential? Here is your chance to obtain this approx. 11,000 sq. ft. of office and retail space in beautiful downtown Boyne City! The building boasts 16 individual suites, with a mix of office and retail, including 9 restrooms in the building. The largest of all the suites offers 3,000 sq. ft. on it's own, so the new owner could have a business on the main end, and continue to collect rent to help pay for their new venture. The possibilities are immense here, and Boyne is a great forward looking town to get involved with. There is 20,000 sq. ft. of parking that the new owner will control, offering more than enough for all the tenants. The building itself sits overlooking Peninsula Beach, and Lake Charlevoix, so location is prime. If you're looking for business space for yourself, this is great, if you're looking for passive income, this is again a great opportunity, and if you are looking for prime Real Estate in an area of growth, then you definitely have found your property paradise! Call today for your personal tour of this unique gem in downtown Boyne!

5 W Main Street, Boyne City

IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. © 2026 NM-MLSX.