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34007265
34007273

10400 U.S. 31, Free Soil, MI 49411

Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
MS
MI 6501408056
Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
Listed by Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
$565,000
4 days on market
Updated 4 days ago

Classic Cabin Resort near Lake Michigan

Details
Property Type Multifamily, Hospitality
Sub Type Hotel, Motel (+1)
Units 7
Cap Rate 14.00%
Class A
Acreage 2.300

Profitable Cabin Resort in Exceptional Location

Marketing description

Highway 31 Cabins – Established Vacation Rental Business | 10400 US-31, Free Soil, Michigan

Turnkey hospitality investment opportunity with a proven operating history and outstanding reputation. Highway 31 Cabins is a successful vacation rental business situated on approximately 2.33 acres along the highly traveled US-31 corridor between Ludington and Manistee, one of Michigan's premier tourism destinations.

The property features seven charming vintage cabins, including a spacious larger cabin that can serve as a premium rental or an ideal owner's residence. Each cabin offers a private bathroom with shower, toilet, and sink. The larger cabin includes a full kitchen, while the remaining cabins are equipped with microwaves and mini refrigerators, providing comfortable accommodations for vacation travelers, charter fishing guests, beachgoers, and outdoor enthusiasts.

This well-established business enjoys an exceptional reputation with loyal repeat guests, a strong direct booking website, active social media presence, Airbnb Superhost status, and hundreds of outstanding guest reviews. Current operations provide reliable income with significant upside through expanded marketing, extended seasonal operations, and revenue optimization.

Guests appreciate the property's convenient location just minutes from Lake Michigan beaches, public boat launches, world-class salmon and trout fishing, hiking, ORV trails, and numerous recreational attractions. Popular Doc's Restaurant is located immediately next door, adding convenience and appeal for visitors.

The property has been extensively improved and carefully maintained, including a new well, durable metal roofs, updated water lines, electrical and sewer upgrades, commercial-grade drain tile and sump pump system, reinforced berm, and redesigned gutter system with additional downspouts. These substantial capital improvements help minimize deferred maintenance and provide confidence for future ownership.

Highway 31 Cabins represents a rare opportunity to acquire an established Northern Michigan lodging business with a loyal customer base, proven financial performance, modern infrastructure improvements, and excellent potential for continued growth.

Investment highlights

7 Units

Strong Rental History

Terrific Location

Many recent updates

Listing Contacts

Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
MS
MI 6501408056
Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
Listed by Berkshire Hathaway HomeServices Michigan Real Estate Traverse City

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Zoning

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R-E ResidentialSingle FamilyRural Estate
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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