Hotel and Cottage
For Sale
$1,850,000
4871 US Highway 31, Central Lake, MI 49622
Updated in 2016 with six new standalone cottages and refreshed motel rooms, plus an on-site 2-bedroom living area.
Property SizeContact for details
Days on Market342
Property Features for 4871 US Highway 31
General Information
Standard status
Active
Property subtype
General Commercial
Additional Details
Business Included
Yes
Amenities
3
Composition
Irregular
Building Details
Year Built
1952
Year Renovated
2016
Listing Agency:
EXP Realty LLC
(616) 250-6751
Listed By:
Thomas Rumble · License #6501299700
(616) 250-6751
Source:
Xome
Added: Sep 3, 2025
Changed: Aug 9
Last Checked: Aug 9 at 5:06AM
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 EXP Realty LLC
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.
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
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 49622, MI
2,473
Population
1,945
Households
1.3
Avg Household Size
54
Median Age
30%
College-Educated
97%
High-School Grad
45.2 sq mi
ZIP Area
55
Density / Sq Mi
$66,618
Median Household Income
$32,682
Median Earnings
$1,020
Median Rent
$209,900
Median Home Value
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Frequently Asked Questions
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 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
