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$ 1,850,000
Est. payment /mo
Active
4871 US Highway 31 N Central Lake, MI 49622
15 Baths
5,654 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 5,654 sqft
Price per Sqft $327
MLS Listing ID 65025046291
Year Built 1952
Lot Size 2 Sqft
Property Sub-Type BusinessandRealEstate
Property 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-inmanager 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. Income statements and disclosures are available upon request with a signed NDA.
Location
State MI
County Antrim
Area Area88021Torchlaketwp
Interior
Heating Electric, ForcedAir, NaturalGas
Cooling CentralAir, WallUnits
Exterior
Parking Features Aggregate
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected
View Y/N No
Roof Type Composition
Building
Foundation Slab
Sewer PrivateSewer
Water Private
Schools
School District Centrallake
Others
Ownership Proprietorship
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2025 Realcomp II Ltd. Shareholders
Listed by Thomas A Rumble of EXP Realty LLC
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