Discover East Jordan, MI Commercial Real Estate for Sale and Lease: 7 Prime Deals

East Jordan, MI Commercial Real Estate for Sale and Lease

Downtown East Jordan unfolds along the sparkling shores of Lake Charlevoix, where historic brick buildings and modern storefronts line Main Street. Charming signage advertises family-owned boutiques, artisanal cafés, and specialty shops, inviting passersby to browse local crafts or enjoy a lakeside latte. The district’s tree-lined sidewalks and well-lit façades create a welcoming pedestrian experience year-round, while seasonal flower boxes and festive banners highlight community pride.

Just steps from the water’s edge, the waterfront promenade offers stunning views of sailboats and kayaks gliding across the lake. Restaurant patios spill onto boardwalks, blending al fresco dining with gentle lake breezes. Community events—from summer art fairs to holiday light parades—activate these commercial corridors, ensuring that downtown East Jordan remains both a vibrant business hub and a beloved gathering place for residents and visitors alike.

Real Estate Statistics

Average Price	$2.7M
Lowest Price	$360K
Highest Price	$5M
Total Listings	2
Avg. Price/SQFT	$176

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$4,999,000

204 Water Street, East Jordan

0 Beds 0 Baths 19,845 SqFt Commercial MLS® # 474426

$359,900

105 Second Street, East Jordan

0 Beds 1 Bath 3,576 SqFt Commercial MLS® # 475556

East Jordan, MI Commercial Real Estate for Sale and Lease: 7 Prime Opportunities

East Jordan, Michigan, sits on the scenic shores of Lake Charlevoix and offers growing commercial real estate potential. From small-town charm to modern amenities, the city’s business climate is ripe for entrepreneurs and investors alike.

In this guide, we’ll cover all you need to know—from market trends to legal considerations—to make informed decisions about East Jordan, MI commercial real estate for sale and lease. Whether you’re looking to buy an office building, lease a retail storefront, or invest in an industrial facility, you’ll find expert insights and actionable advice here. So let’s dive in and explore these prime opportunities!

Market Overview of East Jordan Commercial Real Estate

East Jordan’s economy is driven by manufacturing, tourism, and local services. With a population of roughly 2,700, it serves as a hub for nearby rural communities. Moreover, seasonal visitors boost retail and hospitality sectors each year. Local employers include boat-building shops, boutique retailers, and healthcare providers. This diversity gives the commercial property market resilience against downturns.

In addition, recent public investments in infrastructure and streetscapes have improved access to downtown and the lakeshore corridor. On the other hand, limited new construction means existing properties often command premium rates. That scarcity can drive prices up for sale and lease, but savvy investors find value by targeting under-utilized spaces or negotiating longer-term leases.

Key takeaway: East Jordan blends small-town atmosphere with steady economic drivers, making East Jordan, MI commercial real estate for sale and lease an attractive proposition for both owner-occupiers and investors.

Types of Commercial Properties

East Jordan’s commercial offerings span several categories:

Retail Spaces

Local shops, boutiques, and service businesses occupy storefronts in the downtown core. These spaces typically range from 800 to 2,500 square feet. Rent starts around $10–$15 per square foot, depending on frontage and foot traffic.

Office Buildings

Professional offices—accountants, lawyers, and consultants—favor first-floor or upper-floor units above retail. Buildings often include shared lobbies and parking lots. Lease rates hover near $12–$18 per square foot.

Industrial Facilities

Light manufacturing and warehousing facilities lie along M-32 and US-31 corridors. Ceiling heights, drive-in doors, and loading docks vary. Sale prices range from $60 to $100 per square foot, while leases start around $6–$8 per square foot.

Mixed-Use Developments

Some properties combine ground-floor retail with upper-level apartments or offices. These projects appeal to owner-operators who value live/work convenience. Ask prices often reflect combined residential and commercial valuations.

By understanding each property type’s features, you can match your business needs—or investment goals—to the right asset.

Key Neighborhoods and Business Districts

Downtown East Jordan

This historic district offers brick storefronts, community events, and pedestrian traffic. It’s ideal for retail, cafes, and professional services looking to capitalize on local footfall.

Lakeshore Business Corridor

Stretching along Lake Street, this area features restaurants, marinas, and tourism-related shops. Waterfront views command higher rents but attract year-round customers.

Industrial Park Zone

Located off M-32, the industrial zone provides larger parcels and flexible zoning. It’s best for manufacturers or distribution centers needing ample truck access.

Each neighborhood presents unique benefits. Tour the districts, note traffic patterns, and assess nearby amenities before deciding on a location.

Purchase vs. Lease Options

Benefits of Buying Commercial Property

• Equity growth: Ownership builds net worth over time.

• Control: You set lease terms and control improvements.

• Stability: Fixed-rate mortgages shield against rising rent.

Advantages of Leasing Commercial Space

• Lower upfront costs: No large down payment required.

• Flexibility: Easier to upgrade or relocate.

• Maintenance relief: Landlord often handles major repairs.

Financing Strategies for Buyers and Tenants

• SBA 504 loans: Offer low down payments for owner-occupiers.

• Traditional bank mortgages: Suitable for credit-worthy investors.

• Leasehold improvements financing: Landlords may finance build-outs into rent.

Weigh your budget, growth plans, and risk tolerance to choose the optimal path for your venture.

Pricing Trends and Projections

Historical Pricing Data

Over the past five years, sale prices in East Jordan rose an average of 3% annually. Lease rates climbed 2–4% per year, reflecting modest but steady demand.

Current Price Per Square Foot

• Retail: $10–$15 psf (lease), $80–$120 psf (sale)

• Office: $12–$18 psf (lease), $100–$140 psf (sale)

• Industrial: $6–$8 psf (lease), $60–$100 psf (sale)

Forecasted Market Growth

Experts predict continued growth of 2–3% annually, driven by tourism and regional manufacturing expansions. Consequently, early investors could see solid appreciation and rental income gains.

Legal and Zoning Considerations

Zoning Regulations in East Jordan

The city uses distinct districts—downtown, commercial, industrial—with specific permitted uses. Check the City of East Jordan zoning map for your parcel’s designation.

Permits and Compliance

Renovations and major tenant improvements often require building permits, site plan approvals, and electrical or plumbing inspections. Work with licensed contractors to ensure compliance.

Before signing any contract, consult a local land-use attorney or planning official to navigate these regulations smoothly.

Site Selection and Due Diligence

Property Inspections

Hire a certified inspector to assess structural integrity, roofing, HVAC systems, and electrical setups. Uncover defects before closing or leasing.

Environmental Assessments

Phase I environmental site assessments can reveal past contamination risks, especially in industrial zones. If issues arise, you may negotiate remediation credits.

Title and Survey Services

Ensure a clear title and accurate boundary survey. Title insurance protects against hidden liens or errors in public records.

Thorough due diligence minimizes surprises and secures your investment.

Working With Local Brokers

Role of a Broker

A seasoned commercial broker offers market intel, negotiates terms, and expedites transactions. They know off-market listings and can advocate on your behalf.

Tips for Choosing the Right Agent

• Experience: Look for brokers active in East Jordan.

• Track Record: Request recent deal references.

• Communication: Choose someone responsive and transparent.

Partnering with a trusted advisor streamlines your search and helps you lock in the best deals.

Investment Opportunities and ROI

Rental Yield Analysis

Average commercial rental yields in East Jordan range from 6% to 8%, depending on property type and lease term. Longer leases often secure higher yields with lower vacancy risk.

Case Study: Recent Successful Deals

In 2024, an investor purchased a 3,000 sq ft retail building in downtown for $250,000. After minor upgrades, it leased for $14 psf, generating a 7% annual return and boosting property value by 10% in twelve months.

Real-world examples demonstrate the tangible benefits of investing locally.

Future Developments and Infrastructure

Planned Commercial Projects

The city has approved mixed-use projects near the marina and a new hotel slated for 2026. These developments should drive foot traffic and boost nearby property values.

Transportation and Accessibility Improvements

Planned road resurfacing and expanded parking near downtown will improve access for customers and tenants. Additionally, new signage initiatives aim to highlight available commercial spaces.

Staying informed on these plans helps investors time acquisitions to coincide with local enhancements.

Frequently Asked Questions

Q. What types of commercial properties are most in demand in East Jordan?

A. Retail storefronts downtown and small warehouses in the industrial park see the highest turnover, thanks to steady tourist flows and light manufacturing needs.

Q. How do I finance a commercial purchase in East Jordan?

A. Most buyers use a mix of SBA 504 loans for low down payments and traditional bank financing. Local banks may also offer specialized small-town lending programs.

Q. What zoning rules should I know before buying?

A. East Jordan’s zoning map divides land into downtown commercial, general commercial, and industrial districts. Verify permitted uses for your intended business before signing.

Q. Can I lease space with an option to buy later?

A. Yes, many landlords agree to lease-with-option structures. This allows tenants to lock in purchase terms after a set lease period.

Q. How is rental yield calculated for local properties?

A. Rental yield equals annual net rental income divided by purchase price, expressed as a percentage. Deduct operating expenses when calculating net income.

Q. Where can I find local market reports?

A. The East Jordan city website and regional MLS services publish quarterly commercial market statistics. You can also request custom reports from local brokers at BrookWalsh.com.

Conclusion

East Jordan, MI commercial real estate offers a balanced mix of historic charm, stable economic drivers, and promising growth prospects. Whether you’re buying or leasing, thorough research—combined with local expertise—will ensure you capitalize on these 7 Prime Opportunities. For personalized guidance and up-to-date listings, visit BrookWalsh.com.

Continue your Northern Michigan commercial real estate search in the communities below or contact Brook Walsh to help you with your search.