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$1,600,000
Est. payment /mo
9,501 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 9,501 sqft
Price per Sqft $168
Subdivision Mi
MLS Listing ID 80063310
Year Built 2000
Lot Size 1.980 Acres
Acres 1.98
Lot Dimensions Multiple - See docs
Property Sub-Type Business
Property Description
An exceptional opportunity to own a resort property in one of Northern Michigan’s most sought-after destinations - just steps from Torch Lake’s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!
Location
State MI
County Antrim
Area Milton Twp (05012)
Zoning Commercial
Interior
Heating Wall Heat
Cooling Wall/Window A/C
Exterior
Parking Features Parking Lot
Roof Type Asphalt
Building
Foundation Slab
Water Private Well
Structure Type Frame,Vinyl Siding
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional
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Listed by Berkshire Hathaway Homeservices - TC
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