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.