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    4871 Us Highway 31 N Central Lake, MI 49622

    For Sale
    $1,850,000

    COMMERCIAL - Central Lake, MI

    Property size:
    5,654 SF
    Lot size:
    2.76 Acres
    Days on Market:
    84
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 4871 Us Highway 31 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 12, Bathroom 14, Bathroom 10, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 15, Bathroom 8, Bathroom 11, Bathroom 7, Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 13, Bathroom 9
    Bathrooms
    15
    APN
    05-14-312-017-11
    Parking
    50
    Interior features
    Broadband
    Size
    5,654 SF
    Lot size
    2.76 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Wall Unit(s), Central Air
    Water source
    Private

    Building Details

    Year built
    1952
    Number of units
    15
    Roof type
    Composition

    eXp Realty LLC (888) 501-7085 [email protected]

    Listing agent Thomas A Rumble (616) 250-6751

    Listing date Sep 13, 2025

    Copyright © 2025 Montcalm County Association of Realtors. 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 Bay Inn Hospitality Property

    This income-earning property is located in a picturesque area of Michigan, near Torch Lake and Lake Michigan, and a short drive from Elk Rapids or Charlevoix. It is situated close to Barnes State Park along the shores of Lake Michigan and near restaurants, wineries, vineyards, and orchards. The Torch Bay Inn features updated rooms and is maintained and operated to provide a relaxing stay. The property includes 6 new standalone cottages added in 2016 and 8 updated motel rooms. It also features a large 2-bedroom living area suitable for a full-time live-in manager or an on-site owner-operator. Additional features include ample parking for guests, an oversized 2-stall garage/workshop, and an expanded area for boat trailers and campers. There is also enough land to expand the operations for more cabins. The property size is 5654 square feet and the lot size is 2.76 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Food Market Farmer's Market Fish Market Auto Repair Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Lake
    County
    Antrim
    State
    Michigan
    Longitude
    -85.35805
    Latitude
    45.103739

    Nearby Similar for Sale

    • New
      $849,000
      21,500 SF

      Central Lake Manufacturing Facility on Acres

      21,500 SF manufacturing facility on 21.62 acres in Central Lake.
      3166 Muckle Rd, Central Lake, MI 49622
      View Details
    • $150,000
      2,685 SF

      Central Lake Mixed-Use Investment Opportunity

      Commercial space with two apartments, offering income and upside potential.
      2433 N Main St, Central Lake, MI 49622
      View Details

    FAQs

    What type of property is this?
    Motel - Updated motel with cottages near Torch Lake and Lake Michigan.
    Where is this motel located?
    The property is located at 4871 Us Highway 31 N Central Lake, MI.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Income-producing property featuring updated motel rooms and standalone cottages.; - Includes a convenient 2-bedroom living area for an on-site owner/manager.; - Prime location near Torch Lake, Lake Michigan, and State Park.
    (616) 250-6751
    Request Owner's contact information
    4871 Us Highway 31 N Central Lake, MI 49622
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    Central Lake, MI 49622
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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
    4871 Us Highway 31 N Central Lake, MI 49622
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