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Listed by Matthew J Crane • Berkshire Hathaway Homeservices - TC
$ 1,600,000
Est. payment | /mo
9,501 SqFt
$ 1,600,000
Est. payment | /mo
9,501 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,501 sqft
Price per Sqft $168
Subdivision Mi
MLS Listing ID 1940129
Lot Size 1.980 Acres
Acres 1.98
Lot Dimensions Multiple - See Docs
Property Sub-Type Multi-Family
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
Rooms
Basement Slab
Interior
Interior Features None
Heating Wall, Ductless A/C
Cooling Wall, Ductless A/C
Exterior
Exterior Feature Handicap Access
Roof Type Asphalt
Road Frontage Public Maintained, Blacktop
Building
Water Private Well
Structure Type Vinyl Siding
Schools
School District Elk Rapids Schools
Others
Tax ID Multiple - See Docs
Ownership Private Owner
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Stacy Allman
Broker/Owner | Lic# 6502433438