Boardman Riverfront
6841 Brown Bridge Road, Traverse City, MI 49696
For Sale
$2,950,000
Commercial, Traverse City, MI
Property Size10,404 SF
Lot Size40.00 Acres
Price / SF$283.54
Days on Market48
Property Features for 6841 Brown Bridge Road
General Information
Property type
Property subtype
Zoning description
Parking features
Exterior features
Lot features
Directions
Subdivision
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Water front
Amenities
underground heated swimming pool
two stocked trout ponds
1,300 feet of private frontage on the Boardman River
25 campsites with restroom/shower buildings
laundry room
garage
linen storage building
55-person meeting room
pavilion/game room
direct access to 100 miles of groomed trails for snowmobiling
cross-country skiing access
Building Details
Building materials
Roof type
Listing Agency:
REMAX Bayshore - Union St TC · RE/MAX International
(231) 941-4500
Listed By:
Christina Ingersoll · License #6501279134
(231) 883-4921
Added: Sep 23
Changed: Oct 27
Last Checked: Nov 9 at 3:06AM
MLS# 1950916
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.
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Investment Insights
Based on property information with market context.
This 40-acre resort includes 15 motel units, a private house, and a full-service restaurant with seating for 147 and a liquor license. Event facilities include a 55-person meeting room and a pavilion/game room with capacity for 113. The property also has 25 campsites, restroom and shower buildings, a laundry room, garage, linen storage, and a 10,404-square-foot property. Recreation amenities include an underground heated swimming pool, two stocked trout ponds, and a canoe, kayak, and inner tube livery.
The resort has 1,300 feet of private frontage on the Boardman River. Summer activities include canoe and tube rentals; winter access connects to 100 miles of groomed trails in Grand Traverse County and other groomed trail systems. Muncie Lake Pathways, the VASA Trail, North Country Trail, and Sand Lakes Quiet Area are also nearby. The property is 16 miles from downtown Traverse City.
The resort has 1,300 feet of private frontage on the Boardman River. Summer activities include canoe and tube rentals; winter access connects to 100 miles of groomed trails in Grand Traverse County and other groomed trail systems. Muncie Lake Pathways, the VASA Trail, North Country Trail, and Sand Lakes Quiet Area are also nearby. The property is 16 miles from downtown Traverse City.
Key Highlights
- 40‑acre resort with 15 motel units and a private house
- Restaurant seats 147 and includes a liquor license
- 25 campsites with restroom and shower buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,068
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,781,360
$2.8M
Cap Rate 7%
$1,986,686
$2.0M
Cap Rate 9%
$1,545,200
$1.5M
Market Conditions
NOI Build-Up for 10,404 SF
Gross rent
$197.3K $18.96/SF
− Vacancy
−$11.8K −$1.14/SF
EGI
$185.4K $17.82/SF
− OpEx
−$46.4K −$4.46/SF
NOI
$139.1K $13.37/SF
Area
Grand Traverse County, MI
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,781,360
Cap Rate 7%
$1,986,686
Cap Rate 9%
$1,545,200
Alternative Uses
Best Use
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,068 @ 7.0% cap · market cap 4.71%
Second Best
Hotel Hospitality
$1.12M
$978.5K – $1.30M
NOI $78,280 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,207 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 49696, MI
9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Resort - Lodging, dining, campsites, recreation facilities, and event space bring multiple operations together on one resort property.
Where is this resort located?
The property is located at 6841 Brown Bridge Road Traverse City, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 40‑acre resort with 15 motel units and a private house; Restaurant seats 147 and includes a liquor license; 25 campsites with restroom and shower buildings
