Motel with Standalone
For Sale
$1,850,000
4871 US Highway 31 N, Central Lake, MI 49622
Commercial Sale, Central Lake, MI
Property Size5,654 SF
Lot Size2.76 Acres
Price / SF$327.20
Days on Market351
Property Features for 4871 US Highway 31 N
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
15
Full bathrooms
15
Rooms
Bathroom 5, Bathroom 1, Bathroom 7, Bathroom 14, Bathroom 6, Bathroom 13, Bathroom 2, Bathroom 12, Bathroom 11, Bathroom 9, Bathroom 4, Bathroom 3, Bathroom 10, Bathroom 15, Bathroom 8
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
Central Air, Wall Unit(s)
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: Aug 19
Last Checked: Aug 21 at 12:06AM
MLS# 25046291
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Investment Insights
Based on property information with market context.
This income-earning motel property was updated in 2016 with the addition of 6 new standalone cottages and a complete update of 8 existing motel rooms. An owner’s 2-bedroom living area is included, along with an on-site patio, gardens, and a gas fire pit seating area.
The property is located in Central Lake, MI at 4871 US Highway 31 N, near Barnes State Park on the Lake Michigan shore. It is also described as minutes to Torch Lake and Lake Michigan, with a short drive to Elk Rapids or Charlevoix.
On-site amenities and operational support include ample parking for guests, an oversized 2-stall garage/workshop, and an expanded area for boat trailers and campers. The property also includes enough land to expand cabin operations.
The property is located in Central Lake, MI at 4871 US Highway 31 N, near Barnes State Park on the Lake Michigan shore. It is also described as minutes to Torch Lake and Lake Michigan, with a short drive to Elk Rapids or Charlevoix.
On-site amenities and operational support include ample parking for guests, an oversized 2-stall garage/workshop, and an expanded area for boat trailers and campers. The property also includes enough land to expand cabin operations.
Key Highlights
- Updated in 2016 with 6 new standalone cottages and complete updates to 8 motel rooms
- Torch Bay Inn includes a large 2‑bedroom living area for a live‑in manager or owner‑operator
- Multiple bathroom rooms included (Bathroom 1–15 listed)
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
23
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Updated in 2016 with new cottages and remodeled motel rooms, plus on-site living space and guest parking.
Where is this hotel 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 and complete updates to 8 motel rooms; Torch Bay Inn includes a large 2‑bedroom living area for a live‑in manager or owner‑operator; Multiple bathroom rooms included (Bathroom 1–15 listed)
