About This Home

This 0-bedroom, 0-bathroom commercial at 4871 N US-31 in Eastport, MI is listed for $1,674,900 ($349 per sqft). Built in 1959, the home offers 4,800 sqft of living space on a 2.78 acres lot.

Key Features

  • Built in 1959
  • 2.78 acre lot

Property Details

1959
Listing 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.

Monthly Cost Estimate

$8,958/mo

20% down · 6.5% · 30 years

Principal$1,211
Interest$7,258
Insurance$489

Estimates only. Actual payments may vary.

Location

4871 N US-31

Eastport, MI 49627

Property Details

Construction

Wood Frame

Heating

Electric (Heating)Heat Pump (Heating)Natural GasBaseboardHot Water(Heating)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 4871 N US-31 is listed at $1,674,900 ($349/sqft). The estimated monthly payment is $8,958 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1959, 2.78 acre lot.

This property is listed by Tom Rumble.

TR

Tom Rumble

Agent at eXp Realty LLC

Listed by eXp Realty LLC · Broker phone: (888) 501-7085

MLS# 477666· Source: Northern Michigan MLS· 5 days on PropertySimple

Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4871 N US-31, Eastport, MI 49627

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