Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5961 E Oslo St Williamsburg, MI 49690

    New
    For Sale
    $12,900,000

    Recreational/Resort,Other - Williamsburg, MI

    Property size:
    1,780 SF
    Lot size:
    18.16 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 5961 E Oslo St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Other,Commercial,Planned Unit Development
    Rooms
    Basement
    Basement Y/N
    1
    Size
    1,780 SF
    Lot size
    18.16 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Roof type
    Metal, Other
    Architectural style
    Other

    Re/max Bayshore Properties (231) 941-5600 [email protected]

    Listing agent Robert Brick (231) 941-4500

    Listing date Dec 12, 2025

    MLS# 1941132 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

    Resort and Multifamily Investment Opportunity

    This resort and multifamily investment opportunity is located in a premier Michigan vacation destination. The Scandinavian-inspired resort, named KOTI, spans just over 18 acres and is located a quarter mile from the East Arm of Grand Traverse Bay and minutes from downtown Traverse City. KOTI's location and aesthetic make it suitable for retreats, family vacations, reunions, and corporate stays. The community is planned for up to 78 standalone cottages featuring Scandinavian design, in two- and three-bedroom bungalow layouts. Seventeen cottages are complete and leasing, generating roughly $750,000 in annual rental income. The property includes a renovated and leased restaurant with a resort liquor license and Class CSDM license, a 13,000-square-foot event center, a 4,500-square-foot commercial kitchen, and an 1,100-square-foot visitor center with offices and retail space. A pedestrian bridge over a trout stream leads to the TART Trail and the resort’s walkways. The site is pre-approved for an expanded mixed-use complex with up to 120,000 square feet available for hotel, condo, office, and rental development. All infrastructure, including roads, utilities, and walkways, is in place. The property is surrounded by attractions including the Grand Traverse Resort, Turtle Creek Hotel & Casino, and Flintfields Horse Park.
    Location Intelligence

    Current Use by Public Records

    Resorts

    Map

    City
    Williamsburg
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.493562
    Latitude
    44.772636

    Nearby Similar for Sale

    • $3,941,500
      48,700 SF

      Williamsburg Industrial Buildings For Sale

      Three industrial buildings totaling 48,700 SF on 20 acres.
      5720 Bates Rd, Williamsburg, MI 49690
      View Details
    • $799,900

      Multifamily Property Near Grand Traverse

      Multifamily property with shared frontage on Grand Traverse Bay.
      10774 S Us-31, Williamsburg, MI 49690
      View Details
    • $669,000

      Well-Maintained Duplex in Williamsburg

      Duplex with many possibilities in a private, wooded setting.
      5279 Vinton Rd, Williamsburg, MI 49690
      View Details
    • $1,600,000
      15,889 SF

      Highway Visibility Corner Parcel

      Corner parcel with highway visibility, business included in sale.
      31 5600, Williamsburg, MI
      View Details
    • $1,600,000
      4,233 SF

      Acme Township Corner Parcel

      Corner parcel with highway visibility and income potential.
      5600 Us-31 N, Williamsburg, MI 49690
      View Details
    • $215,200

      Storage Condo in Railway Commons

      1,345 SF storage condo ideal for various storage needs.
      6385 N Railway Cmn, Williamsburg, MI 49690
      View Details

    FAQs

    What type of property is this?
    Resort - Scandinavian-inspired resort near Grand Traverse Bay with income-generating assets.
    Where is this resort located?
    The property is located at 5961 E Oslo St Williamsburg, MI.
    What is the asking price?
    The asking price for this property is $12,900,000.
    What are key features of this property?
    This property features: - Existing Income: $750,000 annual rental income from 17 completed and leased cottages.; - Expansion Potential: Pre-approved for up to 120,000 sq ft mixed-use development.; - Prime Location: Minutes from downtown Traverse City and a quarter mile from Grand Traverse Bay.
    (231) 941-4500
    Request Owner's contact information
    5961 E Oslo St Williamsburg, MI 49690
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5961 E Oslo St
    Williamsburg, MI 49690
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5961 E Oslo St Williamsburg, MI 49690
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.