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Seven-Cabin Resort
For Sale
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505 Rainbow Park Trail, Mio, MI 48647

Established lodging and river recreation operation with an on-site owner residence, retail store, and livery facilities.

Property SizeContact for details
Days on Market13

Property Features for 505 Rainbow Park Trail

General Information

Standard status Active
Property subtype Hospitality, Multifamily, Special Purpose

Additional Details

Business Included Yes

Amenities

individual outdoor areas
grills
picnic tables
firepits
Listing Agency: Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
Listed By: kenneth weaver · License #MI
Source: Crexi
Added: Aug 8 Changed: Aug 14 Last Checked: Aug 20 at 10:53AM

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 Berkshire Hathaway HomeServices Michigan Real Estate Traverse City

Investment Insights

Based on property information with market context.

Rainbow Resort is a lodging and outdoor recreation property comprising seven guest cabins across three parcels, plus a 3-bedroom, 2-bath owner residence. Property improvements also include a pole barn, office and retail store, livery support areas, and outdoor guest amenities such as grills, picnic tables, and firepits.

The business includes the Rainbow Resort Canoe Livery, which provides canoe, kayak, and tubing trips on the Au Sable River for resort guests and the general public. The retail operation carries apparel, souvenirs, outdoor and fishing supplies, and everyday items. Certain river-access property is used under lease. Located at 505 Rainbow Park Trail near Mio, Michigan, the resort serves visitors drawn to fishing, paddling, tubing, hunting, and surrounding forest recreation.

Key Highlights

  • Seven guest cabins distributed across three parcels
  • 3‑bedroom, 2‑bath owner residence included
  • Canoe, kayak, and tubing livery serving guests and the general public

Property Analytics

Current Use

Resorts

Suggested Use

Top Pick Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 48647, MI

4,004
Population
3,139
Households
1.3
Avg Household Size
48
Median Age
14%
College-Educated
84%
High-School Grad
167.2 sq mi
ZIP Area
24
Density / Sq Mi
$50,594
Median Household Income
$31,548
Median Earnings
$587
Median Rent
$122,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Resort - Established lodging and river recreation operation with an on-site owner residence, retail store, and livery facilities.
Where is this resort located?
The property is located at 505 Rainbow Park Trail Mio, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Seven guest cabins distributed across three parcels; 3‑bedroom, 2‑bath owner residence included; Canoe, kayak, and tubing livery serving guests and the general public
More about this property
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