89
See all 89 photos
$1,600,000
Est. payment /mo
1.98 Acres Lot
Active
12800 & 12862 Cherry AVE Rapid City, MI 49676
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Subdivision Metes & Bounds
MLS Listing ID 78080063354
Year Built 2000
Lot Size 1.980 Acres
Acres 1.98
Property Sub-Type MultiFamily
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 Natural Gas, Wall Furnace
Cooling WallWindowUnits
Fireplaces Type Gas
Fireplace No
Exterior
View Y/N No
Building
Foundation Slab
Sewer Septic Tank
Water Well
New Construction No
Schools
High Schools Elk Rapids
School District Elkrapids
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Matthew J Crane of Berkshire Hathaway Homeservices - TC
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