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: Julie Childers
Agent Phone: Cell: (517) 673-1829
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 Insurance
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.teamchildersrealty.com today.