$ 990,000
-
$990,000
Price -
0.97
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 78000000061036 - 78000000451767
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 built in 1988 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.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Heat Pump,Wall Furnace,Electric,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4033
- Basement: Crawl,Basement
- Other: Forced Air,Heat Pump,Wall Furnace
- Water: Well (Existing)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 208x142x297x142
- Zoning: Commercial,Residential
- Roof: Asphalt
- Others: Aluminum,Frame,Vinyl
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 05-001-461-00/5103002700
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
519 Lake St Crystal Lake Twp, MI 49635
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
