$1,600,000

12800 & 12862 Cherry Avenue, Rapid City, MI 49676

  • 9,501 sqft
  • 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 $168/sqft
  • Property List Date Icon Listed 1 month 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
Listing Office:
Berkshire Hathaway Homeservices - TC : 231-947-7777
Listing Agent:
Matthew J Crane : 231-350-9386
MLS ID:
1940129
  • General: None
  • Appliances: RefrigeratorOven/RangeDishwasher
  • A/C: Ductless
  • Heating: Wall FurnaceNatural Gas
  • Fireplace: GasFireplace
  • Disability Feature: Handicap AccessAccessible DoorsAccessible Hallway(s)Main Floor AccessAccessible EntranceCovered EntranceLow Threshold Shower
  • General: None
  • Parking: Paved
  • Roofing: Asphalt
  • General: FrameVinyl Siding1Slab
  • Road/Access: Asphalt
  • HOA Amenities: Annually
  • Originating MLS: NGLRMLS API
  • School District: Elk Rapids Schools
  • County: Antrim
  • Zoning: Long Legal - See Docs
  • Water: Private
  • Sewer: Private Sewer
  • Source: NGLRMLS API
  • Ownership: Private Owner

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

L

Lakeland Elementary School

616 Buckley St, Elk Rapids, MI, 49629

Grades PK-5

4.55 miles away

C

Cherryland Middle School

707 E 3rd St, Elk Rapids, MI, 49629

Grades 6-8

4.39 miles away

E

Elk Rapids High School

308 Meguzee Pt, Elk Rapids, MI, 49629

Grades 9-12

4.33 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.