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1401 N M-88

Central Lake, MI 49622
  • $685,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 1906582
UPDATED: 147 min ago
$685,000
  • 0
    BEDS
  • 2.84
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $137
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Unique opportunity to acquire a 10-unit motel on close to 3 acres, only 1 mile from downtown Central Lake and Intermediate Lake access. The main building features 8 motel rooms, with a separate 3 bed, 2 bath apartment in the middle. The apartment space has potential to be converted into a main lobby area with an owner's quarters on the back, or the whole thing could be turned into two more rental units. There are two additional buildings on the property as well, including a pole barn and a separate building that is currently built out as a yoga studio. The back section of the property features a relatively steep hill that could potentially be used to expand recreational activities offered on the property. This has a lot of potential for an entrepreneurial investor. Financial information available with signed confidentiality agreement.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-12-06T23:52:13.943.
www.brickcorbett.com/homes/134711148
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1401 N M-88 Central Lake, MI 49622

  • Price: $685,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 147 min ago
  • MLS #: 1906582
0
Beds
10
Baths
0
½ Baths
2.84
Acres
5,000
SQFT
$137
$/SQFT
1960
Built
Neighborhood:
N/A
County:
Antrim
Area:
Antrim
Property Description
Unique opportunity to acquire a 10-unit motel on close to 3 acres, only 1 mile from downtown Central Lake and Intermediate Lake access. The main building features 8 motel rooms, with a separate 3 bed, 2 bath apartment in the middle. The apartment space has potential to be converted into a main lobby area with an owner's quarters on the back, or the whole thing could be turned into two more rental units. There are two additional buildings on the property as well, including a pole barn and a separate building that is currently built out as a yoga studio. The back section of the property features a relatively steep hill that could potentially be used to expand recreational activities offered on the property. This has a lot of potential for an entrepreneurial investor. Financial information available with signed confidentiality agreement.
Exterior Features

Construction BlockTimber Frame Exterior Features StoneWood Foundation Partial Lot Dimensions Approx 515' X 240' Parking Parking LotPaved Road Public Maintained Roof Asphalt

Interior Features

Heating Cooling Type Baseboard

Property Features

Business Incl No Business Name Chain Of Lakes Resort Deeded Waterfront No Documents On File FinancialOther Eco Features No Extras Additional Buildings Heating Cooling Source ElectricNatural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession At ClosingNegotiable Present Use Recreational/Resort Sale Or Lease For Sale Sale Rent For Sale Section Number 27 Sewer Private Septic Terms CashCommercial Loan Township Central Lake Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Private Well Zoning CommercialMotel/HotelMulti-FamilyOtherRetailSpecial Use

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt-522: 231-929-2300.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-12-06T23:52:13.943.
 
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