About 115 N Michigan Avenue
Great income opportunity with immediate, positive cash flow and lots of redevelopment potential to dramatically increase revenue even further. Located in the popular vacation destination of Beulah, Eden Brook Place boasts 18 individual units on the upper level currently leased as long-term but can easily be converted to short-term as well. Another 9,000 square feet on the lower level is currently gutted and ready for your vision: additional condos, office space, retail, banquet facility, corporate meeting events, etc. Architectural plans for additional rental units are included in the sale. It's ideal location is steps away Crystal Lake and close to many amenities including hiking, parks, boating, golfing, skiing, and many more!
Features of 115 N Michigan Avenue
| MLS® # | 1930777 |
|---|---|
| Price | $1,295,000 |
| Square Footage | 9,000 |
| Acres | 0.31 |
| Year Built | 1935 |
| Type | Multi-Family |
| Sub-Type | 2 Story |
| Status | Active U/C Taking Backups |
Community Information
| Address | 115 N Michigan Avenue |
|---|---|
| Subdivision | Eden Brook Condomindiums |
| City | Beulah |
| County | Benzie |
| Province | MI |
| Postal Code | 49617 |
Amenities
| Utilities | Municipal |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Waterfront | Creek |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Refrigerator, Oven/Range, Washer, Dryer |
| Heating | Electric,Multiple Units,Natural Gas,Forced Air,Wall |
| Fireplace | Yes |
| Fireplaces | Fireplace |
| Has Basement | No |
| Basement | Poured Concrete |
Exterior
| Exterior | Wood |
|---|---|
| Exterior Features | None |
| Roof | Asphalt |
| Construction | Timber Frame |
School Information
| District | Benzie County Central Schools |
|---|
Additional Information
| Date Listed | February 11th, 2025 |
|---|---|
| Days on Market | 230 |
| Zoning | Residential, Multi-Family, Commercial, Deed Restrictions, Rental History |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 772 |
|---|