$1,600,000

12800 & 12862 Cherry Avenue, Milton Twp, MI 49676

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2000
  • Property Lot Size Icon1.98acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

An exceptional opportunity to own a resort property in one of Northern Michigan’s most sought-after destinations - just steps from Torch Lake’s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!

Listing Status:
Active
Data Last Updated:
March 5, 2026 at 4:43AM
Listing Office:
Berkshire Hathaway Homeservices - TC : 2319477777
Listing Agent:
Matthew J Crane : 2313509386
MLS ID:
78080063354
  • Appliances: DishwasherOvenRefrigeratorRange
  • A/C: Wall window units
  • Heating: Natural gasWall furnace
  • Fireplace: Gas
  • General: OneSlab
  • Originating MLS: Aspire North REALTORS
  • School District: Elk rapids
  • County: Antrim
  • Zoning: Long Legal - See DocsMultipleSeeDocs
  • Water: Well
  • Sewer: Septic tank
  • Source: Aspire North REALTORS

This listing courtesy of Matthew J Crane , Berkshire Hathaway Homeservices - TC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rapid City Elementary School

5258 River Road, Rapid City, MI, 49676

Grades PK-5

1.02 miles away

K

Kalkaska Middle School

1700 W Kalkaska Rd, Kalkaska, MI, 49646

Grades 6-8

8.93 miles away

K

Kalkaska High School

109 N Birch St, Kalkaska, MI, 49646

Grades 9-12

9.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.