

Listed by Exp Realty Llc
$1,850,000
4871 US Highway 31 N
Details
APN 05-14-312-017-11
Property Type Business for Sale
Sub Type Business Only, Other
Square Footage 5,654
Units 15
Year Built 1952
Year Renovated 2016
Buildings 8
Acreage 2.760
Parking Spaces 50 spaces
Parking Per SqFt 8.84
Ownership Proprietorship
Business for Sale | 5,654 SqFt
Marketing 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.
Listing Contacts


Listed by Exp Realty Llc
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Zoning
VB CommercialGeneral CommercialVillage Business
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