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    Central Lake, MI Hotels for Sale

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    Eastport, MI Bellaire, MI Ellsworth, MI Kewadin, MI East Jordan, MI Alden, MI Mancelona, MI Charlevoix, MI
    Boutique Hotel and Event Space
    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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    This listing looks promising.

    Here's a quick look at some key insights for

    2287 S Main Street, Central Lake, MI 49622

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    • Est. Cap Rate

      4.2%
      NOI ÷ price

    • Est. NOI

      $36K
      Annual

    • Price @ 7% Cap

      $508K
      Suggested
    View Property Analytics
    Motel with Standalone Cottages
    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
    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
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 4 Active listings in Central Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

    Historic Victorian Hotel
    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.

    View details
    Hotel Property with Lake Views
    Hotel Property with Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot

    Hospitality property with multiple buildings, short-term lodging units, and private frontage on North Lake Leelanau.

    View details
    Historic Hotel with Lake Views
    Historic Hotel with Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft

    Five-building hospitality property with 18 short-term rental units and seasonal operations near North Lake Leelanau.

    View details
    Victorian Hotel with Lake Michigan Views
    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.

    View details

    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.

    Commercial Land with Existing Office
    Commercial Land with Existing Office

    1040 E Front Street, Traverse City, MI 49686

    $1,148,000
    1,864 sqft 0.63 AC lot

    0.63-acre parcel with three lots, including an existing office building and two vacant lots on US-31.

    View details
    Waterfront Buildable Land
    Waterfront Buildable Land

    6785 Fouch Road, Traverse City, MI 49684

    $250,000
    2.69 AC lot

    Buildable waterfront lot with an existing pole building, paved drive, and utilities in place for a range of uses.

    View details

    Central Lake, MI Hotels Market Trends and Statistics

    Explore 4 hotels 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 resorts 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 4
    Motels 2

    Demographics Overview

    Population 2,646
    Population Growth (5Y) +5.4%
    Median Household Income $66,618
    College Educated 40.3%

    High-Yield Neighborhoods for Investment

    Identify Central Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49622 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.41%
    Property Tax per SF $21.40 per SF
    Tax Rate vs County Average 0.91 pp below county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Antrim County

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