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Lakefront Multifamily Property
For Sale
$3,900,000
Pending

3943 N Skookum Road, Luther, MI 49656

Multi-Family, 2 Story, Lodge, 1 Story, Luther, MI

Property Size22,755 SF
Lot Size668.82 Acres
Days on Market95

Property Features for 3943 N Skookum Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Dining Room, Exercise Room
Patio and Porch features Deck, Patio, Porch
Interior features Hardwood Floors, Laundry Hook-up, Handicap Access/Equipment, Storage Space, Beamed Ceilings, Vaulted Ceilings, Formal Dining Room, Great Room, Foyer Entrance, Exercise Room, Workshop, Solid Surface Counters, Granite Kitchen Tops, Drywall
Exterior features Deck, Sidewalk, Countryside View, Patio, Handicap Access, Landscaped, Porch, Covered Porch, Balcony, Gutters
Fireplace 1
Accessibility Accessible Approach with Ramp
Appliances Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener (Owned), Washer, Dryer, Water Filtration System, Window A/C Unit (s), Security System, Freezer, Cook Top, Exhaust Fan, Blinds, Natural Gas Water Heater, Smoke Alarms
Elementary school district Pine River Area Schools
Middle school district Pine River Area Schools
High school district Pine River Area Schools
Directions Heading south on US-131. Take exit 168 for 20 Mile Road and continue for 0.4 miles. Stay on 20 Mile Road/W Marion Road, then follow it east until you reach N Skookum Road in Ellsworth Township. Continue on N Skookum Road, the lodge is on the right.
Subdivision Lake
Standard status Pending
Size 22,755 SF
Lot size 668.82 Acres

Taxes and HOA fees

Tax Description Multiple - See Docs
Legal Description Multiple - See Docs

Utilities

Water source Private
Water front features Creek, Lake
Water front 1

Amenities

private lake
trail system
commercial kitchen
backup generators

Building Details

Year built 2007
Floors in Building 2
Number of units 19
Building materials Frame
Roof type Asphalt
Architectural style Other
Additional Structures Workshop, Storage
Listing Agency: Berkshire Hathaway Homeservices - TC
Listed By: Kenneth Weaver
Added: Jul 27 Changed: Oct 27 Last Checked: Oct 29 at 10:06AM
MLS# 1948510

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

This multifamily property includes a 12,500-square-foot lodge with 10 guest suites, a commercial kitchen, dining areas, and large gathering spaces. Four additional residential buildings contribute approximately 8,800 square feet of living space, while a separate manager’s residence and maintenance and support buildings expand the compound’s functionality. Interior features include hardwood floors, vaulted and beamed ceilings, formal dining and great room areas, an exercise room, workshop, storage, and granite kitchen surfaces. The improvements were built in 2007 and include private water service, backup generators, security equipment, and accessibility features.

The 668.82-acre property at 3943 N Skookum Road includes private Rockwell Lake, described as a 45–50-acre lake, along with creek frontage, mature wooded surroundings, and an established trail system. Decks, patios, porches, landscaped areas, and countryside views complement the residential and recreational setting. Potential applications identified for the property include retreat, hospitality, educational, recreational, residential, wellness, and training uses, subject to applicable governmental approvals.

Key Highlights

  • 668.82‑acre multifamily property with private lake and creek waterfront
  • 12,500‑square‑foot lodge with 10 guest suites and commercial kitchen
  • Four additional residential buildings provide approximately 8,800 square feet

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Bed & Breakfast 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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 49656, MI

1,535
Population
1,612
Households
1
Avg Household Size
52
Median Age
11%
College-Educated
87%
High-School Grad
117.3 sq mi
ZIP Area
13
Density / Sq Mi
$55,781
Median Household Income
$31,515
Median Earnings
$922
Median Rent
$120,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Multifamily compound with residential buildings, lodge facilities, wooded acreage, and private lake frontage.
Where is this multifamily property located?
The property is located at 3943 N Skookum Road Luther, MI.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 668.82‑acre multifamily property with private lake and creek waterfront; 12,500‑square‑foot lodge with 10 guest suites and commercial kitchen; Four additional residential buildings provide approximately 8,800 square feet
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