Bought with Lisa Timm • Banner Realty
$770,000
$850,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/15/2024
Key Details
Sold Price $770,000
Property Type Commercial
Sub Type Hospitality
Listing Status Sold
Purchase Type For Sale
Subdivision T24N R9E
MLS Listing ID 201826904
Sold Date 03/15/24
Tax Year 2023
Property Sub-Type Hospitality
Property Description
GET EXCITED because this Resort is turn key with tons of improvements since 2022 and offers a great income to the new owners! 8 cabins including a 3 BR/2 BA Residence, 4-unit hotel with pool/spa/sauna & 3-car garage on 3 acres with 100 ft of Sugar Sand Lake Huron Frontage! Since 2022, all new septics/drainfields, siding, roofs, mattresses, remodeled interiors, miscellaneous appliances and more! 2 cabins were completely gutted. Cabins rent $150/night; Cabin 6 $225/night; hotel rooms $125/night. Season runs May - October. Units could be rented year-round. New owners are sure to enjoy years of improvements, at seller's expense!
Location
State MI
County Iosco
Zoning COMMERCIAL
Direction US-23, 4 miles north of F-41 and 5 miles south of Cedar Lake Grocery.
Rooms
Basement Crawl Space, Slab
Exterior
Present Use Hotel,Motel,Resort
Road Frontage Paved
Building
Sewer Septic
Water Municipal
Structure Type Block,Frame
Others
HOA Fee Include No
Acceptable Financing Corporation
Listing Terms Corporation
Financing Other
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