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12800 Cherry Avenue, Rapid City, MI 49676

$1,600,000
  • 12800 Cherry Avenue, Rapid City, MI 49676 Main Photo

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Active
MLS#1940086
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONMI

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!

12800 Cherry Avenue | MLS# 1940086

This commercial property located at 12800 Cherry Avenue, Rapid City, MI 49676 is currently listed for sale with an asking price of $1,600,000. Search Rapid City real estate on www.teamchildersrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Slab
Lot Size: 1.98 Acres
Roof Type: Asphalt
Year Built: 2000

Feature Descriptions

Business Included: No
Business Name: South Torch Assisted Liv.
Construction: Frame
Days on Site: 123
Exterior: Vinyl
Heating/Cooling: Wall, Ductless A/C
Lot Dimensions: 1.98 Acre(s)
Parking: Paved, Parking Lot
Present Use: Recreational/Resort, Bed & Breakfast, Adult Foster Care
Real Estate Included: Yes
Road: Public Maintained, Blacktop
Sewer: Private Septic
Water: Private Well
Waterfront Type: No

Listed By / Shown By

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

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