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Seven-Cabin Vacation Rental Property

10400 N Us-31 N, Free Soil, MI 49411

For Sale
$515,000

Seven guest cabins include private bathrooms, with a full kitchen in the largest unit.

Property Size3,011 SF
Lot Size2.33 Acres
Price / SF$171.04
Days on Market136

Property Features for 10400 N Us-31 N

General Information

Standard status Active
Size 3,011 SF
Lot size 2.33 Acres
Property subtype Commercial
Zoning Other, Commercial

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Additional Details

Business Included Yes
Multifamily Units 7
Currently Operating Yes

Building Details

Building Size 3,011 SF
Year Built 1940
Buildings 7
Listing Agency: CENTRAL REAL ESTATE MT PLEASANT, INC.
Listed By: Dave Zamarron · License MI #6502102202
Source: Centralmirealty
Added: Jun 27 Changed: Nov 6 Last Checked: Nov 9 at 4:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTRAL REAL ESTATE MT PLEASANT, INC.

Rey
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Investment Insights

Based on property information with market context.

This 3,001-square-foot vacation rental property occupies 2.33 acres and includes seven cabins, built in 1940. Each has a private bathroom with a shower, toilet, and sink. The largest cabin contains a full kitchen; the other six are equipped with a microwave and mini refrigerator. Improvements include a new well, metal roofs, updated water lines, sewer and electrical work, commercial-grade drain tile, a sump pump system, a reinforced berm, and redesigned gutters with additional downspouts.

The property is on US-31 between Ludington and Manistee. Lake Michigan beaches, boat launches, and salmon and trout fishing are a short distance away, and Doc's Restaurant is next door. The business also has a direct-booking website, social media presence, Airbnb Superhost status, and returning guests.

Key Highlights

  • Seven cabins on 2.33 acres; property size is 3,001 square feet
  • Private bathroom with shower, toilet, and sink in each cabin
  • Largest cabin has a full kitchen; the other cabins have microwaves and mini refrigerators

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Garden Center Travel Agency Real Estate Agency Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 49411, MI

1,592
Population
1,156
Households
1.4
Avg Household Size
50
Median Age
20%
College-Educated
94%
High-School Grad
109.7 sq mi
ZIP Area
15
Density / Sq Mi
$60,750
Median Household Income
$36,076
Median Earnings
$1,051
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Seven guest cabins include private bathrooms, with a full kitchen in the largest unit.
Where is this short term rental property located?
The property is located at 10400 N Us-31 N Free Soil, MI.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Seven cabins on 2.33 acres; property size is 3,001 square feet; Private bathroom with shower, toilet, and sink in each cabin; Largest cabin has a full kitchen; the other cabins have microwaves and mini refrigerators
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