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About This Home

This 0-bedroom, 15-bathroom commercial at 4871 US Highway 31 N in Central Lake, MI is listed for $1,850,000 ($327 per sqft). Built in 1952, the home offers 5,654 sqft of living space on a 2.76 acres lot.

Agent 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. Income statements and disclosures are available upon request with a signed NDA.

Key Features

  • Built in 1952
  • 2.76 acre lot
  • 50 parking spaces

Property Details

15 full
50 spaces
1952

Amenities

A/C

Monthly Cost Estimate

$9,894/mo

20% down · 6.5% · 30 years

Principal$1,338
Interest$8,017
Insurance$540

Estimates only. Actual payments may vary.

Location

4871 US Highway 31 N

Central Lake, MI 49622

Features & Amenities

Interior Features

Broadband

Property Details

Heating

Forced Air

Cooling

Central AirWall Unit(s)

Questions & Answers

This 0-bedroom, 15-bathroom commercial at 4871 US Highway 31 N is listed at $1,850,000 ($327/sqft). The estimated monthly payment is $8,017 based on 20% down at 6.5% interest.

Key features include: Built in 1952, 2.76 acre lot, 50 parking spaces. Interior Features: Broadband.

This property is listed by Thomas A Rumble and can be reached at 6162506751 or rprg.corp@gmail.com.

TR

Thomas A Rumble

Agent at EXP Realty LLC

(616) 250-6751

Listed by EXP Realty LLC

MLS# 25046291· Source: listhub· Updated 269 days ago

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4871 US Highway 31 N, Central Lake, MI 49622

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