$ 1,600,000
-
$1,600,000
Price -
0
Bed - Bath
-
9,501
SqFt
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About the Listing 61887 - 702365,744214
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!
Listing Highlights for 12800 & 12862 Cherry
Status
Active
Days on Site
4
Property Type
Business Opportunity
MLS ®
80063310
Year Built
2000
Total Square Footage
9,501
Lot/Acreage
1.98
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Wall/Window A/C
- Heating: Wall Heat
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 9501
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Private Well
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: Multiple - See docs
- Zoning: Commercial
- Roof: Asphalt
- Others:
- Sewer: Septic
- Parking Features: Parking Lot
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
12800 & 12862 Cherry Rapid City, MI 49676
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