Central Lake, MI Hospitality properties for sale

Updated: Jun 28

Boutique Hotel and Event Space

2287 S Main Street, Central Lake, MI 49622

$850,000

3,200 sqft · 1.00 AC lot

5‑suite boutique hotel and event space in Central Lake, with private baths for each suite
Main level includes sitting room, piano room, large dining area, plus shared kitchen and on‑premise laundry
Lower level speakeasy/barrel room for guest hosting and/or special event rentals
Owners suite with bath located just off the garage, fully remodeled
Whimsical grounds feature Knowles Creek, deck, fire pit, and various lounging areas

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Updated: Sep 5, 2025

Motel and Cottage Hospitality Property

4871 US Highway 31 N, Central Lake, MI 49622

$1,850,000

5,654 sqft · 2.76 AC lot

Updated in 2016 with 6 new standalone cottages and complete updates to 8 motel rooms
Torch Bay Inn includes a large 2‑bedroom living area for a live‑in manager or owner‑operator
Multiple bathroom rooms included (Bathroom 1–15 listed)
Forced‑air heating with central air and wall units; Broadband internet
Natural gas available; roof type: composition

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Central Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Bed and Breakfast with Lake Views

113 Michigan Avenue, Charlevoix, MI 49720

$1,700,000

3,814 sqft

A charm-forward inn featuring 8 bedrooms and 7 baths, positioned for guests seeking lake scenery and easy access downtown.

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Recreational Property in Antrim County

V/L 10A Amanda Court, Mancelona, MI 49659

$129,900

10.03 AC lot

Turn-key 10.03 acre recreational property near Mancelona, Michigan.

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Party Store, Gas Station, RV

Mancelona, MI 49659

$328,500

1,380 sqft

Thriving business with gas, store, and RV hookups near lake.

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Charleboyne Motel on Boyne City Road

12731 Boyne City Road, Charlevoix, MI 49720

$695,000

Established motel with 11 units near US 31.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Vacant Commercial Land with Highway Frontage

11640 US 31 N Highway, Charlevoix, MI 49720

$449,000

6.00 AC lot

Build-ready commercial parcel with shared access, utilities, and highway frontage on US 31.

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Wooded Resort Homesite Land Parcel

207 Shadow Glen, Bellaire, MI 49615

Contact for pricing

0.75 AC lot

Build a private home on a wooded homesite with a perk test on file and key utilities available.

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Land in Campers Village

Pineview Drive lot: 435 B0 1305 6273, Mancelona, MI 49659

Contact for pricing

0.42 AC lot

Vacant land in a four-season recreational community.

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Commercial Development Land Parcel

M-72, Williamsburg, MI 49690

$650,000

11.00 AC lot

Development-ready commercial land on M-72 with utility access nearby and available engineering reports.

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Central Lake, MI Hospitality Properties Market Trends and Statistics

Explore 2 hospitality properties for sale in Central Lake, MI on our real estate platform. These investment opportunities span a total of 8,854 square feet of properties for sale, with an estimated market value of $2,700,000.

Sale prices for hospitality properties in Central Lake, MI start at $850,000, averaging $1,350,000, and reaching up to $1,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49622	$1.4M

Neighborhood

Average Price

49622

$1.4M

Central Lake, MI Hospitality Properties for Sale

2287 S Main Street, Central Lake, MI 49622

4871 US Highway 31 N, Central Lake, MI 49622