East Jordan, MI 49727,395 S Peninsula Road
$5,000,000
$5,495,000
9.0%
Est.Price: ?

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12,000 SqFt

395 S Peninsula Road East Jordan, MI 49727

Est. payment /mo
SOLD DATE : 11/12/2021

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Key Details

Sold Price $5,000,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $416

MLS Listing ID 1328121

Sold Date 11/12/21

Year Built 1947

Lot Size 50.000 Acres

Acres 50.0

Lot Dimensions 1556x1348x1661x1319

Property Sub-Type Commercial/Industrial

Property Description

COMMERCIAL ZONING on Lake Charlevoix. RARE opportunity -- this 50 acre parcel with 1350 feet of frontage on Lake Charlevoix is a rare, rare opportunity. It could be any number of things -- a marina, a resort, condos. Currently a classic old resort with 12 cabins and a main house that generates enough $$ to pay holding costs while you plan for future development. $6 million appraisal on file. Motivated Seller.

Location

State MI

County Charlevoix

Area South Arm Twp (15013)

Zoning Agricultural,Commercial

Interior

Heating Forced Air

Exterior

Roof Type Other-See Remarks

Building

Water Private Well

Structure Type Other

Others

Ownership Private

Energy Description LP/Propane Gas

Acceptable Financing Seller

Listing Terms Seller

Financing Cash,Commercial Loan,Conventional,Exchange/Trade

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MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Listed by REO-TCRandolph-233022
Bought with Pat O'Brien & Associates

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Morgan Beilfuss

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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