Motel with Standalone
For Sale
$1,674,900
4871 US Highway 31 N, Central Lake, MI 49622
Commercial Sale, Central Lake, MI
Property Size5,654 SF
Lot Size2.76 Acres
Price / SF$296.23
Days on Market361
Property Features for 4871 US Highway 31 N
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
15
Full bathrooms
15
Rooms
Bathroom 13, Bathroom 9, Bathroom 4, Bathroom 7, Bathroom 11, Bathroom 3, Bathroom 8, Bathroom 1, Bathroom 6, Bathroom 14, Bathroom 15, Bathroom 12, Bathroom 5, Bathroom 10, Bathroom 2
Parking
50
Interior features
Broadband
Elementary school district
Central Lake
Middle school district
Central Lake
High school district
Central Lake
Directions
North of Elk Rapids or South of Charlevoix US-31
Subdivision
Outside MichRIC Area - Z
Standard status
Active
APN
05-14-312-017-11
Size
5,654 SF
Lot size
2.76 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COM AT THE NE 1/4 OF SEC 12; TH S 88 DEG W 1057.89 FT ALG N SEC LINE TO A PT IN THE C/L OF BARNES RD FOR POB; TH S 01 D
Tax Annual Amount
9000
Legal Description
COM AT THE NE 1/4 OF SEC 12; TH S 88 DEG W 1057.89 FT ALG N SEC LINE TO A PT IN THE C/L OF BARNES RD FOR POB; TH S 01 D
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Wall Unit(s), Central Air
Water source
Private
Amenities
patio
gardens
gas fire pit seating area
Building Details
Year built
1952
Number of units
15
Roof type
Composition
Listing Agency:
EXP Realty LLC
(269) 600-4397
Listed By:
Thomas A Rumble · License #6501299700
(616) 250-6751
Added: Sep 5, 2025
Changed: Aug 26
Last Checked: Aug 31 at 4:06PM
MLS# 25046291
Copyright © 2026 Michigan Regional Information Center, LLC. 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.
Torch Bay Inn is a motel property comprising 6 standalone cottages and 8 additional motel rooms, with guest bathrooms throughout the accommodations. The property was updated in 2016 and includes a 2-bedroom living area suitable for an on-site manager or owner-operator. Guest amenities include a patio, gardens, gas fire pit seating, and ample parking. An oversized 2-stall garage/workshop and designated space for boat trailers and campers add operational support.
The 2.76-acre property is located at 4871 US Highway 31 N in Central Lake, Michigan, near Barnes State Park and within reach of Torch Lake and Lake Michigan. Restaurants, wineries, vineyards, and orchards are also identified in the surrounding area. Building systems include forced-air heating, wall-unit and central air conditioning, broadband, a composition roof, private water, and natural gas availability.
The 2.76-acre property is located at 4871 US Highway 31 N in Central Lake, Michigan, near Barnes State Park and within reach of Torch Lake and Lake Michigan. Restaurants, wineries, vineyards, and orchards are also identified in the surrounding area. Building systems include forced-air heating, wall-unit and central air conditioning, broadband, a composition roof, private water, and natural gas availability.
Key Highlights
- 2.76‑acre motel property at 4871 US Highway 31 N, Central Lake, MI 49622
- 6 standalone cottages added in 2016
- 8 motel rooms comprehensively updated in 2016
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Torch Bay Inn and Cottages — 4871 US-31, Eastport, MI 49627
Frequently Asked Questions
What type of property is this?
Motel - Updated guest accommodations include cottages, motel rooms, owner-operator living space, and support buildings on a landscaped site.
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 $1,674,900.
What are key features of this property?
This property features: 2.76‑acre motel property at 4871 US Highway 31 N, Central Lake, MI 49622; 6 standalone cottages added in 2016; 8 motel rooms comprehensively updated in 2016
