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    12800 Cherry Ave Rapid City, MI 49676

    For Sale
    $1,600,000

    Bed & Breakfast,Adult Foster Care, 1 Story - Rapid City, MI

    Property size:
    9,501 SF
    Lot size:
    1.98 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 12800 Cherry Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Basement
    Parking features
    Driveway, Paved or Surfaced
    Interior features
    None
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    9,501 SF
    Lot size
    1.98 Acres

    Building Details

    Floors in Building
    1
    Number of units
    14
    Roof type
    Asphalt
    Architectural style
    Other

    BHHS Michigan Real Estate (231) 632-5105 [email protected]

    Listing agent Matthew Crane (231) 947-7777

    Listing date Oct 31, 2025

    MLS# 1940129 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Torch Lake Resort Property

    This resort property in Northern Michigan is located steps from Torch Lake's sandbar. It includes two parcels: a renovated 14-unit motel and a 3-bed, 2-bath home. Several motel rooms can convert into larger suites. The home is suitable for on-site manager accommodations or rental income. The property features ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system is in place. The property is positioned near Elk Rapids, Alden, and Traverse City. The property is suitable as a turnkey investment, for expanding a hospitality portfolio, or for launching a lakeside business venture. The property size is 9501 square feet and the lot size is 1.98 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    South Torch Assisted ... Assisted Living Facility

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Clothing Store Pharmacy Hotel & Motel Storage Facility Bar & Pub Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jill's Rental Cabin

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Kalkaska
    State
    Michigan
    Longitude
    -85.330492
    Latitude
    44.849846

    Nearby Similar for Sale

    • $1,600,000
      9,501 SF

      Torch Lake Resort Property

      Updated 14-unit motel near Torch Lake's sandbar.
      12800 Cherry Ave, Rapid City, MI 49676
      View Details
    • $109,900

      Storage Condo Unit For Sale

      Storage condo near Torch Lake and Alden Village.
      7365 Rapid City Rd NW, Rapid City, MI 49676
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Updated 14-unit motel and 3-bed home near Torch Lake.
    Where is this bed & breakfast located?
    The property is located at 12800 Cherry Ave Rapid City, MI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Prime location steps from Torch Lake's sandbar in a high-demand area.; - Turnkey, updated 14-unit motel generating immediate cash flow.; - Includes a separate 3-bed, 2-bath home for on-site management or rental income.
    (231) 947-7777
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12800 Cherry Ave Rapid City, MI 49676
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