Central Lake, MI Hospitality properties for sale

Updated: Jun 28

Boutique Hotel With Event Space

2287 S Main Street, Central Lake, MI 49622

$850,000

3,200 sqft 1.00 AC lot

Five hotel suites, each with a private bath
3200 square feet on 1 acre
Remodeled lower‑level bar and event area
Remodeled owner’s suite with bathroom near the garage
Knowles Creek, deck, fire pit, and outdoor lounging areas

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Updated: Sep 5, 2025

Motel with Standalone Cottages

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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Boutique Hotel with Event Space

2287 S Main Street, Central Lake, MI 49622

Contact for pricing

3,200 sqft

Boutique hotel and event space featuring five suites, private baths, and a remodeled speakeasy/barrel room.

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Hotel and Cottage Property

Central Lake, MI 49622

$1,850,000

Updated in 2016 with six new standalone cottages and refreshed motel rooms, plus an on-site 2-bedroom living area.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 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.

Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.88 AC lot

Waterfront-area hospitality property with individually renovated cottages, shared guest amenities, and an on-site owners’ residence.

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Historic Victorian Hotel

18599 Mission Road Unit SourceFi, Traverse City, MI 49686

$4,260,000

5,644 sqft 10.00 AC lot

Restored Victorian hotel with 13 guest rooms and an on-site cafe open to the public.

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Restored Cottage Court Resort

917 S Bayshore Dr, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.00 AC lot

Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.

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Victorian Hotel with Lake Michigan Views

18599 Mission Road, Traverse City, MI 49686

$4,260,000

10.00 AC lot

Historic Victorian hotel on about 10 acres with 13 guest rooms, commercial kitchen, and a cafe open to the public.

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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 4 hospitality properties for sale in Central Lake, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,054 square feet of properties for sale, with an estimated market value of $4,550,000.

Sale prices for hospitality properties in Central Lake, MI start at $850,000, averaging $1,516,666, 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	$1.5M

Neighborhood

Average Price

49622

$1.5M