Lakeside Cabins Investment
For Sale
$950,000
11586 N Old 27, Frederic, MI 49733
MULTI_FAMILY - Ranch, Cottage - Frederic, MI
Property Size4,077 SF
Price / SF$233.01
Days on Market94
Property Features for 11586 N Old 27
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
14
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 10, Bedroom 3, Bedroom 6, Bedroom 13, Bedroom 1, Bathroom 3, Bathroom 8, Bedroom 12, Bedroom 2, Bedroom 8, Bedroom 11, Bathroom 5, Bathroom 1, Bathroom 7, Bedroom 14, Bathroom 2, Bedroom 5, Bedroom 9, Bedroom 7, Bedroom 4, Bathroom 6, Bathroom 4
Interior features
Carpet, Ceiling Fans, Hardwood Floors, Smoke Detector, Tile Floors
Basement
Crawl Space
Appliances
Washer, Refrigerator, Microwave, Dryer
Subdivision
T28N R3W
High school
Grayling
Directions
From I-75 Exit at 270 for Waters, Travel west on Marlette Rd. Trun left on Old 27 South, 1.7 miles property will be on your left
Standard status
Active
APN
020-006-004-080-00
Size
4,077 SF
Taxes and HOA fees
Tax Description
COMM AT A PT S42 DEG 15M W 456.8 FT FROM INTERSEC.OF N LINE OF SE/4 OF NE/4 OF SEC 6 & E LY R.O.W. OF US-27-TH S51 DEG 18ME 184.2 FT TO W LY SHORE CONT. 283-6-4-4 OF HORSESHOE LAKE-TH S LY ALONG SHORE 112.2 FT-TH S81 DEG 30MW 385.8 FT-TH N 42 DEG ...
Legal Description
COMM AT A PT S42 DEG 15M W 456.8 FT FROM INTERSEC.OF N LINE OF SE/4 OF NE/4 OF SEC 6 & E LY R.O.W. OF US-27-TH S51 DEG 18ME 184.2 FT TO W LY SHORE CONT. 283-6-4-4 OF HORSESHOE LAKE-TH S LY ALONG SHORE 112.2 FT-TH S81 DEG 30MW 385.8 FT-TH N 42 DEG ...
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating), Electric (Heating), Forced Air, Baseboard
Cooling system
Ceiling Fan(s), Central Air, Wall Unit(s)
Water source
Well
Water front
1
Building Details
Number of units
8
Building materials
Metal Siding, Paved Street, Shed, Steel Siding, Vinyl, Wood
Architectural style
Cottage, Ranch
Listing Agency:
Real Estate One of Gaylord
(989) 448-8209
Listed By:
Jim Hodges
(989) 370-9850
Added: May 19
Changed: Jul 24
Last Checked: Aug 20 at 11:06PM
MLS# 201840145
Copyright © 2026 Water Wonderland Board 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.
Investment Insights
Based on property information with market context.
Stolen Acres Resort on Horseshoe Lake presents an investment opportunity with 8 lakeside cabins. Seven of these cabins are suitable for year-round rental. One larger cabin is currently used as caretaker living, with an additional unit attached to a garage and workshop. The resort provides access to two docks, a swim raft, kayaks, a playground area, firepits, and ample parking. The property is located near snowmobile trails and offers year-round recreational opportunities. Situated just 2 miles from I-75, the location provides convenient access for travelers and vacationers. The property is suitable for expanding an investment portfolio, operating a family resort, or general investment, with income potential in a recreational setting. The property size is 4077 square feet and is located in Frederic, MI.
Key Highlights
- Stolen Acres Resort with 8 lakeside cabins on Horseshoe Lake
- Seven cabins are four‑season rentals; one larger cabin is currently used as caretaker living
- One cabin is attached to a garage/workshop
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 49733, MI
1,722
Population
1,510
Households
1.1
Avg Household Size
52
Median Age
15%
College-Educated
92%
High-School Grad
107.6 sq mi
ZIP Area
16
Density / Sq Mi
$65,471
Median Household Income
$37,583
Median Earnings
$791
Median Rent
$148,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Resort - Turn-key Northern Michigan resort with strong income potential.
Where is this resort located?
The property is located at 11586 N Old 27 Frederic, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Stolen Acres Resort with 8 lakeside cabins on Horseshoe Lake; Seven cabins are four‑season rentals; one larger cabin is currently used as caretaker living; One cabin is attached to a garage/workshop
