Description

Charlevoix - MLS# 477336
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.