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$ 1,200,000
Est. payment /mo
Active
519 Lake ST Frankfort, MI 49635
4,033 SqFt
UPDATED:
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 areaâ€"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 Elberta’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 owner’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 possibilitiesâ€"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 unbeatableâ€"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 Michigan’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
©2025 Realcomp II Ltd. Shareholders
Listed by Kari King of Century 21 Northland-Frankfort
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