395 S Peninsula Road $5,000,000

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    395 S Peninsula Road East Jordan, MI 49727

    Sold Co-op Member

    $5,000,000

    Market Estimate
    • 50.00 Acres
    • Commercial
    • MLS# 1876106
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    Views: 116

    Property Details

    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.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl Yes
      • Business Name Cedar Rest Resort
      • Type of Ownership Private Owner
      • Approx Year Built 1947
      • Type Mixed Use
      • Town T 32N
      • Township South Arm
      • Private Shared Private
      • Present Use Recreational/Resort
    • Building Features
      • Extras Additional Buildings, Overhead Door(s), Reinforced Concrete Floor
      • Foundation Other
      • Heating Cooling Source Propane Gas
      • Roof Other
      • Heating Cooling Type Forced Air
      • Apx Total Fin SQFT 12,000
    • Property Features
      • Water Private Well
      • Vacant Land No
      • Univs Design/Barrier Free None
      • Road Public Maintained
      • Body of Water Lake Charlevoix
      • Water Front Footage 1348
      • Sewer Private Septic
      • Parking Other
      • Exterior Features Other
      • Lake Size huge
      • Construction Other
      • Lot Dimensions 1556x1348x1661x1319
      • Location Freestanding

    Neighborhood

    49727 (East Jordan) Demographics

    47 Median Age
    50 Population Density (per sq. mile)
    34% College Educated
    $55,406 Estimated Median Income
    2,457 Estimated Total Home Owners
    452 Estimated Total Renters
    84% / 16% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    6,951 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $625,000 Median Sales Price
    16 Homes Sold
    9 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        11/12/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $5,000,000
        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.