Homes for sale - 519 Lake ST, Frankfort, MI 49635

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,033 sqft

Price per Sqft $297

MLS Listing ID 78080061151

Year Built 1966

Property Description

Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic areaÃ¢â‚¬"perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and ElbertaÃ¢â‚¬â„¢s shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The ownerÃ¢â‚¬â„¢s home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilitiesÃ¢â‚¬"expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatableÃ¢â‚¬"just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of MichiganÃ¢â‚¬â„¢s most beloved destinations.

Location

State MI

County Benzie

Area Area93041Crystallaketwp

Interior

Heating Electric, ForcedAir, HeatPump, NaturalGas, WallFurnace

Cooling HeatPump, WallWindowUnits

Exterior

Parking Features ParkingLot

Utilities Available ElectricityConnected, NaturalGasConnected

View Y/N No

Roof Type Asphalt

Building

Foundation Basement, CrawlSpace

Sewer PublicSewer

Water Well

Schools

School District Frankfortelberta

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard