4871 US Highway 31 N, Central Lake, MI 49622
4871 US Highway 31 N, Central Lake, MI 49622
4871 US Highway 31 N, Central Lake, MI 49622
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$1,850,000
Est. payment /mo
15 Baths
5,654 SqFt
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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 5,654 sqft

Price per Sqft $327

Municipality Torch Lake Twp

MLS Listing ID 25046291

Full Baths 15

Year Built 1952

Annual Tax Amount $9,000

Tax Year 2024

Lot Size 2.755 Acres

Acres 2.76

Lot Dimensions Irregular

Property Sub-Type Business

Source Michigan Regional Information Center (MichRIC)

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. 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.

Location

State MI

County Antrim

Area Outside Michric Area - Z

Direction North of Elk Rapids or South of Charlevoix US-31

Interior

Interior Features Broadband

Heating Forced Air

Cooling Central Air, Wall Unit(s)

Inclusions Real Estate, Inventory, Furniture

Exterior

Utilities Available Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 50

Building

Foundation Slab

Water Private Water

New Construction No

Schools

School District Central Lake

Others

Tax ID 05-14-312-017-11

Ownership Proprietorship

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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Listed by EXP Realty LLC

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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