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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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4871 Us Highway 31 N , Central Lake, MI 49622
$1,674,900
Est. Payment: $3,722.00/mo
0 Bed
15 Bath
5654 Sqft
Status: Active | Days on site: 376
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House 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-in manager 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 gem of a property.

Highlights

Listed by Thomas A Rumble , 616-250-6751 EXP Realty LLC , 269-600-4397.

Property Type

Commercial Sale

Lot/Acreage
2.76

Year Built

1952

County

Antrim

Area

Outside MichRIC Area - Z

School District

Central Lake

Listing ID

25046291

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:15
  • Full Bathrooms:15
Air Cond:Central Air,Wall Unit(s)
Fireplaces:
Other:
  • Additional:Broadband
Water:Private Water

Exterior Features

Garage Capacity:50
Roof:Composition
Principal Interest
$3,722
Taxes
$750

Home Price

$1,674,900

Loan Details

30 yrs
%

Down Payment

20%
$334,980
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Monthly Price:
$3,722.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,722.00 $750.00 $0.00 $4,472.00
Yearly $44,664.00 $9,000.00 $0.00 $53,664.00
Total $1,339,920.00 $270,000.00 $0.00 $1,609,920.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Central Lake, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.