For Sale
204 Water Street, East Jordan, MI 49727
$4,999,000
MLS # 1925101 (Northern Great Lakes REALTORS® MLS)
Built 20003.4 acres
1 / 63
Listing Description
A rare opportunity to acquire a prime multi-use property including 8 unique parcels that altogether offer 360' of waterfront on Lake Charlevoix and a total land area of 3.4 acres, centrally located and walking distance to Downtown East Jordan. A powerhouse package of Northern Michigan commercial properties, this deal includes The Boathouse, a sought-after wedding and special event venue with stunning lake views; as well as an expansive boat restoration warehouse, two charming short term rentals, plus an office or retail building—all tastefully revamped and renovated with modern day appeal. These parcels are all within the Michigan Opportunity Zones. Through investments in Opportunity Zones, new housing will be built and existing housing will be improved. New small businesses will be launched. Mixed-use projects, infrastructure and community resources will be developed, and jobs will be created. The opportunities are for investors, entrepreneurs, community leaders, developers, and builders to make certain areas of Michigan better places to live, work and thrive.
Source: SparkMLS
About this home
Listed at $4,999,000.
Electric service is provided by Great Lakes Energy Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size3.4 acres
Year Built2000
Location
CityEast Jordan
Zip Code49727
CountyCharlevoix
Construction & Systems
HeatingForced Air
SewerPublic
Sale & Financing
Listed7/22/2024
Source: SparkMLS
Tax Information
Source: SparkMLS
Legal Description
Multiple - See Assoc Dox
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Mark Snyder
Unknown Office
Frequently Asked Questions about 204 Water Street, East Jordan, MI 49727
Is 204 Water Street, East Jordan, MI 49727 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 204 Water Street, East Jordan, MI 49727 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Gas: DTE Gas Company. Sewer: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
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Mortgage Calculator
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Monthly payment$32,423
Principal & interest$32,423
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Great Lakes Energy Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
204 Water Street, East Jordan, MI 49727
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Municipality
East Jordan
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