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810 Petoskey ave - Ships Watch 0.94 Acres of Commercial Land Offered at $299,000 in Charlevoix, MI 49720
Investment Highlights
- Established condo development with one completed building and future expansion plans for 12 to 16 units.
- All municipal infrastructure and site improvements are completed for efficient development.
- Updated zoning now supports residential growth after previous commercial designation, providing flexibility for future plans.
- Seasonal views of Lake Charlevoix from an elevated, sloping site within city limits.
- Located in the heart of Charlevoix with convenient access to retail, services, and waterfront recreation.
Executive Summary
Property Facts
| Price | $299,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.94 AC |
| Property Type | Land | Parcel Number | 05214500010 |
| Zoning | Multiple - Current Condos - Zoning changed by City due to Condo development in what was a Commercial Zone. Prior zoning: Commercial - Sprinkler system in place200 | ||
| Price | $299,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.94 AC |
| Zoning | Multiple - Current Condos - Zoning changed by City due to Condo development in what was a Commercial Zone. Prior zoning: Commercial - Sprinkler system in place200 |
| Parcel Number | 05214500010 |
1 Lot Available
Lot
| Price | $299,000 | Lot Size | 0.94 AC |
| Price Per AC | $318,085.11 |
| Price | $299,000 |
| Price Per AC | $318,085.11 |
| Lot Size | 0.94 AC |
Condo Development - Established Sloping property , seasonal view of Lake Charlevoix
Description
Situated within the city limits of Charlevoix, 810 Petoskey Avenue offers a rare opportunity to acquire a nearly one-acre parcel primed for residential or mixed-use development. This established condo development site includes one completed building of four units and features approved plans for an additional 12 to 16 units, creating potential for strong equity value through continued buildout. All essential municipal improvements are in place, ensuring immediate feasibility and streamlined development timelines. With zoning updated from commercial to allow residential expansion, this property represents a path for developers and investors seeking new construction opportunities in a high-demand market.
Contact the Sale Advisor
810 Petoskey ave - Ships Watch