9-Room Motel with Owner's
For Sale
$990,000
519 Lake Street, Frankfort, MI 49635
Commercial, Frankfort, MI
Property Size4,033 SF
Lot Size0.97 Acres
Price / SF$245.47
Days on Market364
Property Features for 519 Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential, Commercial
Parking features
Parking Lot
Exterior features
Vinyl, Aluminum, Brick
Lot features
Corner Lot, Freestanding
Directions
Property on the corner of Lake Street and Didrickson Road
Subdivision
Benzie
Standard status
Active
Size
4,033 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Description
Lengthy Legal
Legal Description
Lengthy Legal
Utilities
Water source
Private
Amenities
creek
gazebo
picnic area
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Century 21 Northland-Frankfort · Century 21 Real Estate
(231) 352-7123
Listed By:
Kari King · License #6501404677
(231) 651-0923
Added: Aug 23, 2025
Changed: Aug 19
Last Checked: Aug 21 at 12:06AM
MLS# 1937875
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This motel property contains 9 guest rooms within a 4,033-square-foot improvement on 0.97 acres. Room configurations include four rooms with two full beds, two rooms with three full beds, and three rooms with queen beds. The owner’s residence serves as the check-in area and includes a studio apartment on the second level. Grounds include a creek, gazebo, picnic area, and parking lot.
Recent property improvements include new heating and cooling units, beds, carpeting, and bathrooms throughout the guest rooms. The motel also has a new roof, sealed driveway, underground electric, and new gas lines. The residence features new windows and a new roof, with renovations underway to complete additional living space.
The property is located at 519 Lake Street in Frankfort, directly across from Betsie Bay and the Betsie Valley Bike Trail. It is positioned along M-22 Scenic Drive, with access to downtown Frankfort, Elberta, Lake Michigan beaches, Crystal Lake, Sleeping Bear Dunes National Lakeshore, hiking trails, biking routes, shops, restaurants, and a public boat launch.
Recent property improvements include new heating and cooling units, beds, carpeting, and bathrooms throughout the guest rooms. The motel also has a new roof, sealed driveway, underground electric, and new gas lines. The residence features new windows and a new roof, with renovations underway to complete additional living space.
The property is located at 519 Lake Street in Frankfort, directly across from Betsie Bay and the Betsie Valley Bike Trail. It is positioned along M-22 Scenic Drive, with access to downtown Frankfort, Elberta, Lake Michigan beaches, Crystal Lake, Sleeping Bear Dunes National Lakeshore, hiking trails, biking routes, shops, restaurants, and a public boat launch.
Key Highlights
- 9 guest rooms with a mix of full‑bed and queen‑bed accommodations
- 4,033 square feet on 0.97 acres
- Owner’s residence includes the check‑in area and a second‑level studio apartment
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
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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Frequently Asked Questions
What type of property is this?
Motel - The property combines lodging operations with a residence, studio apartment, and landscaped outdoor gathering areas.
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: 9 guest rooms with a mix of full‑bed and queen‑bed accommodations; 4,033 square feet on 0.97 acres; Owner’s residence includes the check‑in area and a second‑level studio apartment
