Building Details

Year Built 1950

Buildings 5

Stories 1

Units 9

Listed By: Ken Weaver Show Phone

Added: Mar 25 Changed: Apr 8

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Investment Insights

Based on property information with market context.

Located in Honor, Michigan, this turnkey cabin resort features eight updated rental cabins across three buildings. The property includes five studio units and three one-bedroom cabins, each offering modern updates, heat, air conditioning, private decks, picnic tables, and select kitchenettes. Situated on approximately 4.98 acres, the property includes over 3,700 square feet of improvements, along with a large front building that serves as an office, game room, storage area, and garage. This flexible space offers potential for additional revenue streams such as a small retail shop, rental office expansion, or guest amenities. The location is near Sleeping Bear Dunes National Lakeshore, Platte River, Crystal Lake, and numerous canoe liveries, hiking trails, and outdoor recreation opportunities. Honor is a growing tourism hub with proximity to Traverse City, providing access to Cherry Capital Airport, Munson Medical Center, dining, shopping, and year-round attractions. The property is positioned to attract vacation rental demand. The site totals nearly 10 acres.

Key Highlights

• Turn key operation
• Great marketing
• Good tourist location near Sleeping Bear Dunes and Traverse City

Property Analytics

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Current Use

Cedar Ridge Cabins Hotel & Motel

Suggested Use

Top Pick Building Supply Electrical Service Plumbing Service Auto Parts Store (Bike/Boat/Book/etc) Store Catering Service

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

Location Intelligence

Trade Area within ½ mile

80

Businesses Nearby

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Demographics for 49640, MI

1,501

Population

1,236

Households

1.2

Avg Household Size

53

Median Age

42%

College-Educated

92%

High-School Grad

64.0 sq mi

ZIP Area

23

Density / Sq Mi

$83,750

Median Household Income

$36,071

Median Earnings

$805

Median Rent

$285,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Short term rental property - Cedar Ridge Cabins – Turnkey 8-Unit Cabin Resort on Nearly 10 Acres with Expansion Potential in Honor, Michigan

Where is this short term rental property located?

The property is located at 11481 Main St Honor, MI.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Turn key operation; Great marketing; Good tourist location near Sleeping Bear Dunes and Traverse City