Motel With Owner
For Sale
$990,000
519 Lake Street, Frankfort, MI 49635
Commercial, Frankfort, MI
Property Size4,033 SF
Lot Size0.97 Acres
Price / SF$245.47
Days on Market385
Property Features for 519 Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential, Commercial
Parking features
Parking Lot
Exterior features
Vinyl, Aluminum, Brick
Lot features
Corner Lot, Freestanding
Directions
Property on the corner of Lake Street and Didrickson Road
Subdivision
Benzie
Standard status
Active
Size
4,033 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Description
Lengthy Legal
Legal Description
Lengthy Legal
Utilities
Water source
Private
Amenities
creek
gazebo
picnic area
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Century 21 Northland-Frankfort · Century 21 Real Estate
(231) 352-7123
Listed By:
Kari King · License #6501404677
(231) 651-0923
Added: Aug 23, 2025
Changed: Aug 19
Last Checked: Sep 11 at 3:06AM
MLS# 1937875
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 4,033-square-foot motel property occupies 0.97 acres and includes nine guest rooms, an owner’s residence that serves as the check-in area, and a second-level studio apartment. Room configurations include four rooms with two full beds, two rooms with three full beds, and three rooms with queen beds. Recent improvements include new heating and cooling units, beds, carpeting, and bathrooms throughout the guest rooms. The motel also has a new roof, sealed driveway, underground electric, and new gas lines. The residence features new windows and a new roof, with additional living-space renovations underway.
The property is located at 519 Lake Street in Frankfort, directly across from Betsie Bay and the Betsie Valley Bike Trail. Grounds include a creek, gazebo, and picnic area. The site is along M-22 Scenic Drive and is near downtown Frankfort, Lake Michigan beaches, shops, restaurants, a theater, library, public boat launch, Crystal Lake, Sleeping Bear Dunes National Lakeshore, trout streams, and hiking and biking trails.
The property is located at 519 Lake Street in Frankfort, directly across from Betsie Bay and the Betsie Valley Bike Trail. Grounds include a creek, gazebo, and picnic area. The site is along M-22 Scenic Drive and is near downtown Frankfort, Lake Michigan beaches, shops, restaurants, a theater, library, public boat launch, Crystal Lake, Sleeping Bear Dunes National Lakeshore, trout streams, and hiking and biking trails.
Key Highlights
- Nine guest rooms with 4 rooms offering two full beds, 2 rooms with three full beds, and 3 rooms with queen beds
- 4,033‑square‑foot motel property on 0.97 acres
- Owner’s residence functions as the check‑in area and includes a second‑level studio apartment
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49635, MI
3,331
Population
3,014
Households
1.1
Avg Household Size
61
Median Age
47%
College-Educated
94%
High-School Grad
38.5 sq mi
ZIP Area
87
Density / Sq Mi
$71,875
Median Household Income
$32,409
Median Earnings
$918
Median Rent
$332,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- R & R Motel — 541 Lake St, Frankfort, MI 49635
- The Bayside Cottage — 719 Forest Ave, Frankfort, MI 49635
- Bay Port Lodging — 911 Forest Ave, Frankfort, MI 49635
- The Leelanau Cottage — 719 Leelanau Ave, Frankfort, MI 49635
Frequently Asked Questions
What type of property is this?
Motel - Guest lodging is paired with a check-in residence, studio apartment, and recently upgraded room interiors.
Where is this motel located?
The property is located at 519 Lake Street Frankfort, MI.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Nine guest rooms with 4 rooms offering two full beds, 2 rooms with three full beds, and 3 rooms with queen beds; 4,033‑square‑foot motel property on 0.97 acres; Owner’s residence functions as the check‑in area and includes a second‑level studio apartment
