Family-Run Motel with
519 Lake Street Frankfort, MI 49635
519 Lake Street, Frankfort, MI, 49635
$990,000
For Sale
$990,000
Turnkey motel with nine guest rooms plus owner residence and studio apartment, set on landscaped grounds with picnic area.
Days on Market334
Property Features for 519 Lake Street
General Information
- Standard status
- Active
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1966
Listing agency
Century 21 Northland-Frankfort
(231) 651-0923
Listed by
Kari King · License #6501404677
(231) 651-0923
Source
Phgrealty
Added: Aug 23, 2025 Updated: Jul 21 at 7:07AM Checked: Jul 22 at 7:00AM
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 family-run motel property was built in 1988 and includes nine guest rooms, with room bedding configurations of four rooms with two full beds, two rooms with three full beds, and three rooms with queen beds. The grounds feature a creek, gazebo, and picnic area. Recent updates include new heating/cooling units, new beds, carpeting, and updated bathrooms in every room, along with a new roof, sealed driveway, underground electric, and new gas lines for the motel.
The owner’s home also serves as the check-in area and includes a single-family residence with a studio apartment on the second level, which may support guest lodging or longer-term rental use. The property is located along M-22 Scenic Drive, and the description notes Betsie Bay and the Betsie Valley Bike Trail across the street, providing access to both Frankfort and Elberta’s shops, restaurants, theater, library, public boat launch, and Lake Michigan beaches. The listing also states the owner has started renovations on the home, with an option to expand or reconfigure accommodations to fit a new operating concept.
The owner’s home also serves as the check-in area and includes a single-family residence with a studio apartment on the second level, which may support guest lodging or longer-term rental use. The property is located along M-22 Scenic Drive, and the description notes Betsie Bay and the Betsie Valley Bike Trail across the street, providing access to both Frankfort and Elberta’s shops, restaurants, theater, library, public boat launch, and Lake Michigan beaches. The listing also states the owner has started renovations on the home, with an option to expand or reconfigure accommodations to fit a new operating concept.
Key Highlights
- Motel on M‑22 Scenic Drive with 9 guest rooms: 4 rooms (2 full beds), 2 rooms (3 full beds), 3 rooms (queen beds).
- Owner’s home doubles as the check‑in area; includes a single‑family residence plus a studio apartment on the second level.
- Across the street: Betsie Bay and the Betsie Valley Bike Trail, with access to Frankfort and area amenities.
Property Analytics
Location Intelligence
Current Use by Public Records
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- The Leelanau Cottage — 719 Leelanau Ave, Frankfort, MI 49635
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FAQs
What type of property is this?
Motel - Turnkey motel with nine guest rooms plus owner residence and studio apartment, set on landscaped grounds with picnic area.
Where is this motel located?
The property is located at 519 Lake Street 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: Motel on M‑22 Scenic Drive with 9 guest rooms: 4 rooms (2 full beds), 2 rooms (3 full beds), 3 rooms (queen beds).; Owner’s home doubles as the check‑in area; includes a single‑family residence plus a studio apartment on the second level.; Across the street: Betsie Bay and the Betsie Valley Bike Trail, with access to Frankfort and area amenities.
