4871 US Highway 31 N, Central Lake, MI 49622

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List Price
$1,850,000
Days on Market
329
MLS#
25046291
Status
ACTIVE
Type
Commercial
Bathrooms
15
Full-baths
15
Neighborhood
Outside MichRIC Area - Z

Property Description

Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in manager or an on-site owner operator, ample parking for guests, an oversized 2 stall garage/workshop, an expanded area for boat trailers & campers, plus enough land to expand the operations for more cabins. Meticulously maintained, and attention to detail went into every aspect of this high-producing gem of a property.

Additional Information

Taxes
$9,000
Acres
2.76
Heating
Forced Air
Roofing
Composition
School District
Central Lake
Total Parking Spaces
50
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Electricity Available, Natural Gas Available
Water
Private

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Thomas A Rumble from Listing Office: EXP Realty LLC.

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