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0 Beds
0 Baths
6,317 sqft

$1,495,000

4987 Loeb Road, Charlevoix MI, 49720

Price per sqft$236.66
Property size6,317 sqft
Property typeMulti-family

Overview

Active

Listed Sep 3, 2026

Updated Sep 14

Step into a piece of Northern Michigan history with this extraordinary estate in Charlevoix. Spanning two acres, this unique property brings together three distinct buildings—the historic stone Loeb Schoolhouse, a carriage house, and a duplex—into one spectacular compound. Lovingly renovated by an artistic craftsman, the estate currently features 7 rentable units, with the township allowing for a total of 8, offering a highly lucrative turnkey or value-add investment opportunity. The crown jewel of the estate is the historic 1917 old schoolhouse. The main schoolhouse showcases exceptional cut stone craftsmanship and preserved historic character throughout. It currently features a stunning sunrise-view loft under construction, offering the perfect canvas to design a massive, luxurious owner's suite. Below, an expansive lower level provides limitless potential for storage, a creative studio, workshop, or custom home gym. Whether you are looking for a high-yield investment or have the creative vision to develop a premier boutique compound, the sky is the limit on this property's potential.

$9,946/mo

Est. mortgage payment based on a $1,495,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Municipality
Marion

Also listed on NMMLS

MLS provider logo

Listed by Matthew Murray with Berkshire Hathaway HomeServices Real Estate
Listing Contact: 231-675-3730 

The IDX display contains information sourced from the Emmet Association of REALTORS® as of 9/14/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Emmet Association of REALTORS® all rights reserved.

Data last updated on 9/14/2026 at 3:57 AM UTC

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