Motel with Standalone
For Sale
$1,850,000
4871 Us Highway 31 N, Central Lake, MI 49622
Hospitality property with guest rooms, detached cottages, owner-operator living space, and outdoor areas near Torch Lake and Lake Michigan.
Property Size5,654 SF
Price / SF$327.20
Days on Market389
Property Features for 4871 Us Highway 31 N
General Information
Standard status
Active
Size
5,654 SF
Property subtype
Commercial
Amenities
patio
gardens
gas fire pit seating area
Building Details
Year Built
1952
Year Renovated
2016
Listing Agency:
EXP Realty LLC
Listed By:
Thomas A Rumble · License #6501299700
(616) 250-6751
Source:
Vmrealestatemichigan
Added: Aug 13, 2025
Changed: Sep 4
Last Checked: Aug 30 at 5:33PM
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.
Built in 1952, this motel property includes 8 updated motel rooms and 6 standalone cottages added in 2016. The improvements also include a two-bedroom living area suitable for an on-site owner or manager, along with guest parking, a two-stall garage and workshop, patio areas, gardens, and a gas fire pit seating area.
The property is near Torch Lake and Lake Michigan, with Barnes State Park, restaurants, wineries, vineyards, and orchards in the surrounding area. Elk Rapids and Charlevoix are also within driving distance. An expanded section accommodates boat trailers and campers, while additional land is identified for potential cabin expansion.
The property is near Torch Lake and Lake Michigan, with Barnes State Park, restaurants, wineries, vineyards, and orchards in the surrounding area. Elk Rapids and Charlevoix are also within driving distance. An expanded section accommodates boat trailers and campers, while additional land is identified for potential cabin expansion.
Key Highlights
- 6 standalone cottages added in 2016
- 8 motel rooms comprehensively updated in 2016
- Two‑bedroom living area for an on‑site owner or manager
Property Analytics
Current Use
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 - Hospitality property with guest rooms, detached cottages, owner-operator living space, and outdoor areas near Torch Lake and Lake Michigan.
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 $1,850,000.
What are key features of this property?
This property features: 6 standalone cottages added in 2016; 8 motel rooms comprehensively updated in 2016; Two‑bedroom living area for an on‑site owner or manager
