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Coldwell Banker Town & Country Real Estate
Coldwell Banker Town & Country Real Estate
karengillrealestate@gmail.com +1(810) 397-4451$1,600,000
Est. payment /mo
9,501 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,501 sqft
Price per Sqft $168
Subdivision Metes & Bounds
MLS Listing ID 78080063310
Year Built 2000
Lot Size 1 Sqft
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!
Location
State MI
County Antrim
Area Area88121Miltontwp
Interior
Heating NaturalGas, WallFurnace
Cooling WallWindowUnits
Exterior
Parking Features ParkingLot
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Asphalt
Building
Foundation Slab
Sewer SepticTank
Water Well
Schools
School District Elkrapids
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
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©2025 Realcomp II Ltd. Shareholders
Listed by Jonathan Crane of Berkshire Hathaway Homeservices - TC
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761
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