4871 US Highway 31 N, Central Lake, MI 49622 - MLS#65025046291

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Coldwell Banker Town & Country Real Estate

karengillrealestate@gmail.com +1(810) 397-4451

$1,850,000

Est. payment - /mo

15 Baths

5,654 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 5,654 sqft

Price per Sqft $327

MLS Listing ID 65025046291

Year Built 1952

Lot Size 2 Sqft

Property Sub-Type BusinessandRealEstate

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-inmanager 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. Income statements and disclosures are available upon request with a signed NDA.

Location

State MI

County Antrim

Area Area88021Torchlaketwp

Interior

Heating Electric, ForcedAir, NaturalGas

Cooling CentralAir, WallUnits

Exterior

Parking Features Aggregate

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected

View Y/N No

Roof Type Composition

Building

Foundation Slab

Sewer PrivateSewer

Water Private

Schools

School District Centrallake

Others

Ownership Proprietorship

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Thomas A Rumble of EXP Realty LLC

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Coldwell Banker Town & Country Real Estate

+1(810) 397-4451

Broker | License ID: 308761

Broker License ID: 308761

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4871 US Highway 31 N Central Lake, MI 49622

Coldwell Banker Town & Country Real Estate

Key Details

Location

Interior

Exterior

Building

Schools

Others

Get More Information