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    $5,000,000

  • Sold 11/12/21 | MLS#: 1876106
  • 50.00Acre

395 S Peninsula Road East Jordan, MI 49727

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Listing provided courtesy of: REO-TC/Randolph: 521 Randolph St, Traverse City, MI

Overview

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

  • 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
  • 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

Listing agent photo

Jean Prangley

231-878-8200RE/MAX Central

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Days on Market

  • This property was listed on the market for 888 days

Location

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Home Valuation

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Listing agent photo

Jean Prangley

231-878-8200RE/MAX Central

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Community Demographics for Zip Code 49727 (East Jordan)

Housing Occupancy
  • Home Owners: 2,492 (55%)
  • Renters: 657 (15%)
  • Vacant: 1,378 (30%)
  • Total Housing Units: 4,527
Households
  • Average Household Size: 2.47
  • Housing Density (People per square mile): 61
Age Range (number of people)
  • Age 0-14: 1,416
  • Age 15-24: 1,077
  • Age 25-39: 1,595
  • Age 40-59: 1,935
  • Age 60-79: 1,504
  • Age 80+: 404
  • Total: 7,931

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 49727 (East Jordan)

Public Schools in Zip Code 49727 (East Jordan)

* This list of schools may not match the property above.

EAST JORDAN HIGH SCHOOL 101 MAPLACEE ST EAST JORDAN, MI 49727 Phone: 2315362259 9th-12th
Grade Size Distribution
  • 9th: 109
  • 10th: 80
  • 11th: 93
  • 12th: 88
School Population
  • Teachers: 20
  • Students per Teacher: 18.5
  • Students: 370
  • Male/Female: 189/181
School District
  • EAST JORDAN PUBLIC SCHOOLS
  • 304 4TH ST EAST JORDAN, MI 49727
  • Phone: 2315363131
District Population
  • Schools: 3
  • Full-Time Teachers: 66
  • Students per Teacher: 17.1
  • Staff: 113
  • Students: 1124
EAST JORDAN MIDDLE SCHOOL 951 MILL ST EAST JORDAN, MI 49727 Phone: 2315362823 6th-8th
Grade Size Distribution
  • 6th: 86
  • 7th: 97
  • 8th: 85
School Population
  • Teachers: 16
  • Students per Teacher: 16.8
  • Students: 268
  • Male/Female: 127/141
School District
  • EAST JORDAN PUBLIC SCHOOLS
  • 304 4TH ST EAST JORDAN, MI 49727
  • Phone: 2315363131
District Population
  • Schools: 3
  • Full-Time Teachers: 66
  • Students per Teacher: 17.1
  • Staff: 113
  • Students: 1124
EAST JORDAN ELEMENTARY SCHOOL 304 4TH ST EAST JORDAN, MI 49727 Phone: 2315367564 K-5th
Grade Size Distribution
  • Knd: 87
  • 1st: 84
  • 2nd: 65
  • 3rd: 83
  • 4th: 97
  • 5th: 70
School Population
  • Teachers: 30
  • Students per Teacher: 16.2
  • Students: 486
  • Male/Female: 263/222
School District
  • EAST JORDAN PUBLIC SCHOOLS
  • 304 4TH ST EAST JORDAN, MI 49727
  • Phone: 2315363131
District Population
  • Schools: 3
  • Full-Time Teachers: 66
  • Students per Teacher: 17.1
  • Staff: 113
  • Students: 1124

* School data provided by US Department of Education


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.

* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional