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!
Listed By
Agency Name: Berkshire Hathaway Homeservices - TC
Agency Phone: 231-947-7777
Shown By
Agent Name: Jannetta Logan
Agent Phone: (734) 395-2948
Agency Title: Key Realty
Estimated Payment
$ 9,416.61 per month $8,949.95 Principal & Interest $0.00 Property Tax (data not provided by mls) $466.67 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
12800 Cherry Avenue | MLS# 1940129
This multi-family property located at 12800 Cherry Avenue, Rapid City, MI is currently listed for sale with an asking price of $1,600,000. Cherry Avenue is located within the Elk Rapids Schools school district. Search Rapid City real estate on www.jloganhomes.com today.