4871 US Highway 31 N Central Lake, MI 49622

Building Details

Year Built

1952

Listing agency EXP Realty LLC r***@gmail.com Show Phone

Listed by Thomas Rumble · License #6501299700 Show Phone

Source Xome

Added: Apr 2, 2025 Updated: Jul 21 at 1:05AM Checked: Jul 21 at 2:59AM

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Investment Insights

Based on property information with market context.

This income-focused hotel property includes updated motel rooms and six newly added standalone cottages completed in 2016, along with outdoor spaces for guest use including a patio, gardens, and a gas fire pit seating area. An on-site 2-bedroom living area is available that could support a live-in manager or owner-operator arrangement. The property also offers ample guest parking, an oversized 2-stall garage/workshop, and an expanded area for boat trailers and campers, with additional land available to expand cabin operations.

The property is located minutes to Torch Lake and Lake Michigan and near Barnes State Park. A short drive reaches Elk Rapids or Charlevoix, with dining, wineries, vineyards, and orchards described as nearby.

Income statements and related disclosures are available upon request with a signed NDA.

Key Highlights

• Updated in 2016 with 6 new standalone cottages plus refreshed motel rooms
• On‑site 2‑bedroom living area that could support a live‑in manager or owner‑operator
• Torch Bay Inn offers an on‑site rental operation with income statements/disclosures available with signed NDA

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FAQs

What type of property is this?

Motel - Updated in 2016 with six new standalone cottages and refreshed motel rooms, plus an on-site 2-bedroom living area.

Where is this motel located?

The property is located at 4871 US Highway 31 N Central Lake, MI.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Updated in 2016 with 6 new standalone cottages plus refreshed motel rooms; On‑site 2‑bedroom living area that could support a live‑in manager or owner‑operator; Torch Bay Inn offers an on‑site rental operation with income statements/disclosures available with signed NDA