Updated 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 Market397
Property Features for 4871 US Highway 31 N
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
15
Full bathrooms
15
Rooms
Bathroom 1, Bathroom 7, Bathroom 12, Bathroom 10, Bathroom 15, Bathroom 14, Bathroom 4, Bathroom 11, Bathroom 9, Bathroom 6, Bathroom 8, Bathroom 13, Bathroom 5, Bathroom 3, 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
garage/workshop
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: Oct 2
Last Checked: Oct 6 at 1:06AM
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.
This motel property includes 5,654 square feet of improvements on 2.76 acres at 4871 US Highway 31 N in Central Lake, Michigan. The lodging component includes 6 standalone cottages and 8 additional motel rooms updated in 2016. A two-bedroom living area supports an on-site manager or owner-operator, while an oversized two-stall garage/workshop adds utility. Guest amenities include patio areas, gardens, and a gas fire pit seating area, with parking for visitors and expanded space for boat trailers and campers.
The property is near Barnes State Park on Lake Michigan and within reach of Torch Lake and Lake Michigan. Restaurants, wineries, vineyards, and orchards are also identified in the surrounding area, with Elk Rapids and Charlevoix a short drive away. Building systems include forced-air heating, central air, wall-unit cooling, broadband, natural gas availability, private water, and a composition roof.
The property is near Barnes State Park on Lake Michigan and within reach of Torch Lake and Lake Michigan. Restaurants, wineries, vineyards, and orchards are also identified in the surrounding area, with Elk Rapids and Charlevoix a short drive away. Building systems include forced-air heating, central air, wall-unit cooling, broadband, natural gas availability, private water, and a composition roof.
Key Highlights
- 6 standalone cottages added in 2016
- 8 motel rooms received a complete update in 2016
- 5,654 square feet of improvements on 2.76 acres
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
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
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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 - Lodging property with guest accommodations, on-site living quarters, a garage/workshop, parking, and landscaped outdoor areas.
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: 6 standalone cottages added in 2016; 8 motel rooms received a complete update in 2016; 5,654 square feet of improvements on 2.76 acres
