Nine-Room Motel With
For Sale
$990,000
519 LAKE ST, Frankfort, MI 49635
Includes an on-site residence with a studio apartment and guest check-in area.
Property Size4,033 SF
Price / SF$245.47
Days on Market387
Property Features for 519 LAKE ST
General Information
Standard status
Active
Size
4,033 SF
Property subtype
Business Opportunities
Additional Details
Business Included
Yes
Utilities to Site
Yes
Amenities
charming creek
gazebo
picnic area
Heat Pump, Window/Wall Unit
3
Other
Asphalt
208142297142
Building Details
Year Built
1966
Listing Agency:
Century 21 Northland-Frankfort
(231) 352-7123
Listed By:
Kari King · License #6501404677
(231) 651-0923
Source:
Xome
Added: Aug 21, 2025
Changed: Sep 9
Last Checked: Sep 10 at 6:46AM
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 Century 21 Northland-Frankfort
Investment Insights
Based on property information with market context.
This hospitality property combines a nine-room motel with an owner’s residence that also serves as the guest check-in area. Room configurations include four rooms with two full beds, two rooms with three full beds, and three rooms with queen beds. The residence includes a studio apartment on the second level, while additional interior space is partially renovated for future completion. Recent property improvements include heating and cooling units, beds, carpeting, updated bathrooms, a new roof, sealed driveway, underground electric, and new gas lines serving the motel.
The property is located at 519 Lake St in Frankfort, directly across from Betsie Bay and the Betsie Valley Bike Trail. Downtown Frankfort, the Lake Michigan shoreline, shops, restaurants, a theater, library, public boat launch, and beaches are nearby. The grounds include a creek, gazebo, and picnic area, and the property sits along M-22 Scenic Drive.
The property is located at 519 Lake St in Frankfort, directly across from Betsie Bay and the Betsie Valley Bike Trail. Downtown Frankfort, the Lake Michigan shoreline, shops, restaurants, a theater, library, public boat launch, and beaches are nearby. The grounds include a creek, gazebo, and picnic area, and the property sits along M-22 Scenic Drive.
Key Highlights
- Nine guest rooms: 4 with two full beds, 2 with three full beds, and 3 with queen beds
- Owner’s residence includes the guest check‑in area and a second‑level studio apartment
- Across from Betsie Bay and the Betsie Valley Bike Trail
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49635, MI
3,331
Population
3,014
Households
1.1
Avg Household Size
61
Median Age
47%
College-Educated
94%
High-School Grad
38.5 sq mi
ZIP Area
87
Density / Sq Mi
$71,875
Median Household Income
$32,409
Median Earnings
$918
Median Rent
$332,300
Median Home Value
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Similar Off Market Nearby
- R & R Motel — 541 Lake St, Frankfort, MI 49635
- The Bayside Cottage — 719 Forest Ave, Frankfort, MI 49635
- Bay Port Lodging — 911 Forest Ave, Frankfort, MI 49635
- The Leelanau Cottage — 719 Leelanau Ave, Frankfort, MI 49635
Frequently Asked Questions
What type of property is this?
Motel - Includes an on-site residence with a studio apartment and guest check-in area.
Where is this motel located?
The property is located at 519 LAKE ST Frankfort, MI.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Nine guest rooms: 4 with two full beds, 2 with three full beds, and 3 with queen beds; Owner’s residence includes the guest check‑in area and a second‑level studio apartment; Across from Betsie Bay and the Betsie Valley Bike Trail
